Expired mortgages are a growing problem across the UK which is why we specialise in helping and advising homeowners with their mortgages.
It is never too late even if eviction is only an hour away. Call 0800 298 0571
An increasing problem across the whole of the UK since the credit crunch is a lot of the mortgage Lenders no longer offer mortgages and more and more Homeowners are struggling with their mortgages because they are coming to the end of their mortgage term, which means that the time the Lender has agreed to let you borrow the money has come to an end.
Once the contractual end date for the mortgage has arrived, everything changes and the Lender has far more power against you and when they take Repossession action against you through the Court, the Judge may well understand your plea for more time however he will lack the Legal Authority to intervene without a very specifically laid out defence.
How Did My Mortgage Expire?
A number of Homeowners believe that if their mortgage is based on Interest Only, then it never ends, however, even though you are not actually paying off the loan, there will be a date when the contract ends and the whole loan has to be repaid. This is also the case when a Repayment mortgage has any arrears outstanding or charges that have not been paid when the load ends, the whole amount becomes payable.
The reason the situation is arising is due to the credit crunch. Most of the companies that were lending money, no longer function in that capacity and so cannot extend your loan term. Additionally, there are no bad credit lenders to switch to if you have been in arrears or have any form of bad credit.
In fact, as many as 29% of Homeowners expect to continue paying a mortgage after they expect to retire. However, even the Lenders that still offer mortgages discriminate against older buyers and it may not be an option.
How Can it be Solved?
Each Lender will tackle the expiry of a mortgage differently, and a lot depends on how you have managed your account. When you call us, we will be able to discuss what is likely to happen moving forward.
Most Homeowners, by the time they contact us, have asked their Lender the obvious question of extending the mortgage term, and have been refused for the reasons above. We can assess the structure of your mortgage and what your options are moving forward and describe the relevant solutions to you.
A lot of Homeowners do not contact us until the Lender has taken eviction action, we have the knowledge and power to stop the eviction but cannot help you unless you call us.
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We help save your home by stopping your eviction,helping you clear your arrears & negotiating with your lender.
What people have to say about Home Owner Management Services
Thank you so much for your help. We can now keep our home for the long term. We now have to pay our Lender a monthly payment we can finally afford after a year of turmoil. The hardest thing was unpacking all the boxes we had already packed because we thought there was no hope.
Everything you did for us was so quick and professional, our home was saved before we knew it, it took some time to sink in, but they really did achieve what we thought was impossible. In less than 24 hours of phoning them the eviction order was cancelled.
With the weight off our shoulders we can concentrate on living again and earning the money we need to pay the mortgage without living in fear of the Bailiff knocking on the door with an eviction order!
Mr & Mrs J W
I really can’t thank you guys enough. I was certainly headed for another breakdown, however, the sheer weight of your support saved me from despair and I am sat at home nice and warm, in familiar surroundings thanks to you.
I can’t believe, looking back, how much time I wasted trying to convince the lender to let me stay, so many documents and offers, my only regret is honestly not phoning you sooner.
I was at a total loss at what to do with my situation, having been a mortgage broker, I was convinced I had the ability to talk to my lender and negotiate however; nothing I could offer was good enough!
They explained the process to stop the eviction and when it all came together it was like a case of De Ja Vu, it went EXACTLY as they said it would. They got me enough time to save up my deposit to go and rent, and I just let the lender have the house because I had negative equity anyway.
I am now back to a comfortable state of living and have no stresses anymore. I didn’t have to borrow any money from anybody because I didn’t have to pay the mortgage while I was saving up for my rent.
The best part was having the ability to remove my belongings at my own pace, and it not being done for me! I didn’t need to arrange storage or anything. I cant begin to express how grateful I really am!
I really had my head in the clouds as I believed I now had no where to turn. I had already made my appointment with the council to assess me for emergency housing. However my council said they could only find me a hostel to stay in. 1 call to Aggressive Lender Solutions and I no longer had a problem.
They resolved the Eviction order in a matter of days, giving me every confidence that they could achieve it, every step of the way. I don’t know where Id be if they didn’t help.
It is never too late to contact us, even if your eviction is only an houraway.Call0800 298 0571