house repossession?

Question

i live with my mum and evicted from our home in a couple of weeks for mortgage arrears.
i have just got myself a new job but every where i look people want the equivalent of two months rent up front. between us there is no way on earth that we can find this sum of money. ( no family or friends who can lend and crap credit score due to mortgage)
any advice extremely gratefull

Answer 1

your local social security office should be able to help you, they will loan you the money and you will have to repay it a couple of pounds a week, hope everything works out for you

Answer 2

Do you have any equity in the property, don't panic, there are still lenders that will take your mortgage over if you have income. Adverse lenders are there for this reason. You can still have a repossession stopped it may well be cheaper than moving home. Some companies buy your house and you pay rent which means if you are out of work the DSS have to pay your rent (but not your mortgage, until 39 weeks). If you want advice feel free to e-mail me.

Answer 3

Contact your mortgage company and communicate that you have just gotten a new job and see if you can work out a deferment of past due notes (they will roll them back into the loan) and perhaps a refinance to make the monthly payment a bit more manageable - if they won't work with you then contact your local social services office and set up a case file and they will help you find suitable living quarters - Good Luck and God Bless!

Answer 4

You may already be too late to seek an arrangement for a break in your payments or a reduced payment scheme if the proceedings have started & notice has been served.

If not, get onto your local C.A.B. - they will put you in touch with a debt management company to act on your behalf. Basically, to make a small payment (sory of a legal loophole) so that you ARE paying them a sum, which they may on may not accept, instead of starting legal action to recover the money. ie. sell the house - their security against the mortgage.

Answer 5

I work for a company 'Koda properties' we help people like yourself by taking over your mortgage until you are sorted and then you are able to take it on again best thing is you get to stay in your family home, there are no fees to pay and it gets the mortgage company off your back straight away. I can get more details for you just let me know.

Answer 6

First speak to your local council housing office and see what support they can offer.

Then try your local Citizens Advice Bureau for sensible advice.

And if that doesn't work as many have suggested you should be able to borrow the money from the social.

Answer 7

Come to some arrangement to pay up your mortgage arrears with the bank or building society that you have your mortgage with. Go to citizens advice for more help with this

Answer 8

B&B may be an alternative, ask you new boss if you could have an advance on your wages, see if you can get overtime, take any other jobs you can until you have the deposit.

Be aware that if the house is sold at less than you owe on it you will still be liable for the shortfall.
Good luck.

Answer 9

Social Security or your local council may be able to assist with a short term loan to fund housing deposits. It is in their interests for you to be privately renting (or buying) as then you are not a burden on their housing resources.

Answer 10

There are credit unions to help people with limited resources. They act like banks/building societies but they don't charge usurious interest. Someone at your local CAB might be able to help you get in touch with a local one. Good luck.