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As the housing market continues to stall, a survey reveals that 20% of homeowners are worried about repossession. And, significantly, 4 out of 10 home owners say that they would voluntarily give up their home if they couldn’t keep up their mortgage payments.

 

And it is particularly worrying that 38% said they would voluntarily give up their home if they couldn’t afford monthly repayments. This is a very drastic measure and really should only need to be taken as the very last resort. 

 

Increasing numbers of people are finding that sell and rent back is a workable solution.

Severe financial difficulty can put you in a position where you may be under threat and need repossession help. Even a small problem with controlling your money can quickly grow into something more serious and, whether you are on your own or have a family, you want to avoid the trauma and long-lasting effects of losing your home.

 

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