Financial Worries

If you are finding it difficult to meet your financial obligations then we can devise a plan to reduce your outgoings. We will talk to you about where it is your finances are disappearing.   

If you are being repossessed we will eliminate your unsecured loans by speaking direct with your credit card company in addition to paying off your arrears to minimize and lower your existing mortgage repayments..

We will speak to you about managing your expenditure. In some cases we will put you in touch with a debt management company.

After we pay off your arrears and loans we buy your property from you at 30% - 40% below market value.

i.e low purchase price = low mortgage repayment = low rent = lower outgoings

We then offer you the opportunity to buy your property back after 2 years ( post the *ERP period) at a pre agreed price. The window to have the right to buy your property back is usually between 2-3 years. This enables you to freeze your outgoings at an affordable level whilst capitalising off the appreciation growth over the term of 3 years.

IF YOU FAIL TO KEEP UP PAYING YOUR RENT YOU LOSE THIS RIGHT AUTOMATICALLY.

There is no cost to you at all if you decide to sell and rent back. We will not charge you for valuations, there are no legal fees ( we pay your legal fees up to £500) and there is certainly no financial penalty.

If there is adequate equity in the property we can release funds for you to ease the financial burdens in other areas of your life or maybe you can use it to take that long overdue holiday.

Reducing your outgoings can give you a new lease of life and a clear thinking mind to allow you to improve your situation. Let SpeedySales© worry about mortgage payments whilst you get on with finding your feet again.

*ERP - Early Redemption Period (a duration, usually 2-3 years whereby a penalty is charged by the lender if the mortgage contract is broken ie sale of the property) 

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