Negative Equity

Negative equity is when your outstanding mortgage is greater than the value of your property.

There are many homes in the UK that are now worth far less than the mortgage owed on them. This presents a problem when it’s time to sell. Not only will you need to make up the difference between the sale price and what you owe the lender, but you will also need to pay your solicitor and estate agent fees out of your own pocket rather than from the proceeds of the sale. This could be a very unaffordable expense.

If your house is in negative equity and you need to sell it, contact us now. At Silana Property Buyers we have solutions that can relieve you of your debt burden and have your house sold for more than you would on the traditional market.

Facing Repossession?

Repossession can happen to anyone at any time – situations rapidly spiral out of control and it can be a very traumatic time.

If you are facing repossession, it’s important that you inform us as soon as possible so we can stop it from happening. Our network of contacts have saved many homeowners from repossession, and the earlier you inform us, the better we can position ourselves to help you.

Financial Difficulties

Managing the family balance-sheet has in recent years become increasingly difficult, with too much credit having been readily available in the past, it now needs to be repaid and the debt is mounting.

Maybe you have considered re-mortgaging to consolidate all of your debts? The problem here is that this is only a short-term solution as the debt still exists but is now secured against your home. If for whatever reason you cannot make the repayments, you could lose your home.

Borrowing more money to repay an existing debt is not something to be considered lightly. It could lead to insolvency or bankruptcy. If you are declared bankrupt you will lose your home and all of your assets. You will no longer have control of your finances or your income. It will become public knowledge through the local press.

If you have equity in your property and want to sell it quickly to repay your debts and start over with a clean slate, Silana Property Buyers can find you a cash buyer who will buy your property and complete within a short space of time.

If you have no equity in your property we can still help as we have other choices for you to consider.

Just when you thought there was no way out! Contact us right away to see how we can help you today.

We can help you. Let us talk you through how…

To speak with a member of our team and find out more about how we can help you, please get in touch or get a free quote now.