The threat of having your house repossessed is often preceded by high levels of debt, yet your home is probably one of the most important things in your life and one that you want to protect no matter what happens.

If you fail to make your monthly mortgage repayments regularly and allow debt to mount up, sooner or later you will be faced with action from your mortgage lender. Initially this will be a letter warning you of the action they could take, but if these go unheeded house repossession proceedings will commence. You should always keep in touch with your mortgage lender and tell them about your situation. Sticking your head in the sand will not help you!

If your circumstances mean that you simply can’t make your mortgage repayments and you have substantial levels of debt, you will need to take other action to solve the problem. Home buying company offers a solution that will allow you to get rid of your debt and yet stay in your home. It is called the ‘Sell House and Rent Back’ scheme.