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More Articles 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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