Recent statistics have stated that over 2 million people in the UK either have no equity in their home or are in Negative Equity where the value of their home is less than their mortgage. This is also known as an 'Upside Down' House.
When you try to sell your home when you are in Negative Equity, you are in a trap as you will not usually get someone to pay you enough money to repay your mortgage - usually meaning you have to dig into savings in order to repay the mortgage allowing you to move. In addition, you have to pay for estate agent fees or early repayment penalties which can add up to thousands.
If you are in this position and your mortgage payments are low - perhaps as you are now on a low fixed rate or Tracker Mortgage, we may have a solution that can help.
Complete the form opposite using 'Negative Equity' as the Reason for Sale and we will call you back.