Guides
THE TOP FIVE REASONS WHY YOU SHOULD AVOID REPOSSESSION
Most home owners have the fear and can’t bear to have their homes being reposed by another or the government. This is something that no home owner wants to have experience of. Property repossession in the UK is on a high level, which leaves home owners with worries about how to retain their properties.
What most owners don’t get to know is that property repossession can be avoided and there are five ways why it should be prevented:
- Reason 1: It Takes Away More Than Just Your Home
The most terrifying thing is having your home taken and for many home owners who face such repossession challenges, loss of property is just the start of many misfortunes. With the recent records of repossession on a credit report can cause major challenges in getting loans or mortgage and even lead to rejection from other private landlords to the tenant who has gone through repossession.
Many people have the feeling or worry about repossession affecting mortgage applications, but the consequence is far deeper.
- Reason 2: Emotional Stress
The thought of insecurity, uncertainty and loss that property repossession brings have a major traumatic impact on those going through it. Home owners who have no other means of livelihood or support are terrified at all times.
Those suffering from repossession are used to the security that comes with owning a home and fear of what the future brings can’t be relied on. The worst fears for some do become reality and often times ask questions like; “Where am I going to go?”, “What am I going to do?” and “Am I going to end up in the streets?” are mostly common and are not proper issues addressed by those who face the worst scenarios, and people who end up landing their feet following a repossession are mostly left with heavy emotional strain has they endure a financially restricted future.
- Reason 3: The whole family will be Affected
One of the problems that come with repossession when it happens to the home owner is that it also affect the whole family and those close to them. Repossession can be very difficult to deal with when dependent’s and children are involved. Presenting the case to children about changing their school, making new friends and other things can be very difficult, having to tell other family members (especially those used to having you close by) that you have to relocate to another place can be very daunting. Repossession that leads to change of location can affect one’s work and social commitment.
- Reason 4: Auction Prices are often Low
When going through repossession, the home owner sells the property on auction to be able to recover funds very quickly, the problem with auction is that due to the limited number of bidders the property end up selling at a very low price far less than what it’s really worth in the market.
Mostly, properties about to face repossession are disposed at lesser than the outstanding finance on them and which leaves the previous owner to pay the debt and when the home owner is unable to pay, it goes from bad to worse.
- Reason 4: The Chase may still Go On
The disposal of the property may not really cover the debt and if it does not then it leaves the previous owner worried. The previous owner is informed and allowed to pay the rest in term with what the lender wants and how he wants it or may be followed by another company. When the interest is changed on shortfall debt, the previous owner is contacted and well informed on the amount owned. The decision made on shortfall debt depends on the lender, weather to ask for compensation and have the duty to tell the previous owner within six years.
Get cracking now!! We can’t wait to hear from you. Remember, all you can get is the best advice and a clear solution to help guide you into the future.
Remove the Worries, Relax, Relocate.
Top tips to fly through your relocation plans
- Come to grasp with your finances
Make sure you take time to research on your new location so as to ensure proper control when you start living there. Because the last thing you may want to face is another challenge in your new area. Some people get caught up in the organization of their finances and forget to check the exchange rates and the cost of living in their new location.
The last thing you need on getting to your new home is to be thinking on how to make ends meet.
- Do your legal homework
It is good to have an idea of what your taxes will be allocated to you in your absence and having updates on what is going on back home. Regarding to this, you can contact HR Revenue and Customs to help.
You should make effort in knowing the local laws and customs of you new location. This will help you in settling down and feel at home easily plus it will help prevent any form of accident or troubles.
- Get Skype
In case you have not got it, ensure you have Skype before leaving, its free and easy to use, it is a great piece of technology which allow face to face conversation with your loved ones.
- Think about your health plans
Knowing the difference in health organization across the globe, make research on where you are going. It is crucial that you make your health insurance to cover a long period before getting the new one from you new location and don’t wait until you are sick before you do so because it’s expensive without it and can affect your finances.
- Think about your plan B
There is no one that will like to think about things going wrong, but it’s proper for one to have a backup plan (regardless how sure you are that all your emigration dreams will come to pass). Make out time to check your relocation plans on how it will affect your retirement or any benefits you receive and be realistic about the cost of living in your country.
- Learn the lingo
Know the language of the country, if you haven’t before heading there then its best to have some lessons as possible on getting to the your location. No one will expect you to be perfect speaking the language but try to know the necessary words and simple sentences can help you in the new country.
Enrolling in extra classes will help go a long way in learning then new language of your new country and communication with the people of that country will be easy.
Get cracking now!! We can’t wait to hear from you. Remember, all you can get is the best advice and a clear solution to help guide you into the future.
Pack Up Your Troubles and Smile, Smile, Smile
Parking can be a daunting task. No one likes packing. Be rest assured we have compiled the most effective tips on how to get you all set and ready to go
The Packing Plan
When it comes to packing, make no mistake by doing it at the moment you are about to pack (some people do that), it’s not everything that you will be in need of or take to your new location so make out time to pick the things you’ll really need.
Make the necessary plans on the luggage you may need to carry. It’s not a bad idea to have a whole day to do so, so as not to leave out any luggage behind because having much is better than having less. Never the less, your bags can’t cry for too much luggage in it.
Don’t be carried way with the kind of bag to use. Have it in mind that the bag should be made from a good material. Off-licenses and supermarkets normally use strong, corrugated cardboard so it is better to ask any of the staff to help you out with any unused bags. Always bear in mind to check your contents so insurance will cover any damage or breakage that may occur when moving.
On getting to your new location, settling in one day may not be possible so it is better to put your boxes into categories.
The best idea is to pick out the boxes mostly need by you and your family for immediate use to the new home. Out of these may include food, drinks, sleepwear, and toiletries. In case you have little children, get their toys and other needed items. Do not forget to label your boxes to be able to differentiate the most needed once close to the van or car.
Great Tips for a very Productive Packing
- Start at the top of the house and all the way down.
- Put the heavy items in a small bags for easy carriage and put them at the bottom of the bag.
- Pack room by room and keep each room’s boxes together, by so doing it makes it easier when unpacking.
- Double wrap the breakables and boldly label them FRAGILE for the eyes to see when packing.
- Keep all important document together, birth, marriage and school certificates, they should be in a place you can easily see them.
Get cracking now!! We can’t wait to hear from you. Remember, all you can get is the best advice and a clear solution to help guide you into the future.