House repossessions Orders in the UK are again making the headlines that they made during the early 1990s, but during the first half of last year, although the housing market was supposedly "booming", 16,410 households went through the distress caused by repossessions, which is almost 100 households every day. Altogether, almost one and a half million adults and children have lost their mortgaged homes during the past decade.

The reasons for this are well-noted; flexible labour markets, reduced employment security; higher levels of marriage or relationship breakdown and over-optimistic lending and borrowing policies.

Sadly, the human cost of repossessions is often neglected. A recent study published by the Joseph Rowntree Foundation shows that the UK house repossessions experience is highly stressful for adults and children: "Apart from the death of someone close to us, we found that repossession was the most traumatic experience that we have ever been through," says one of those quoted in the study.

For most families in the study, the consequences were both dramatic and overwhelmingly negative. At a personal level, people felt that their social status, identity and sense of self-worth had all been damaged. "I felt a complete failure" was a phrase used by many people, and they described how they felt they had let their family down. Some people described how they felt ashamed because of their move from 'owner' to 'renter' status. Many reported how they had lost self-confidence and self-esteem.

Personal and family relationships were also disrupted and in some cases shattered. Relationships between partners were placed under immense strain. Parenting under these stresses and uncertainties was also more difficult. Whilst in some cases members of the household's extended family offered support, in other cases these relationships were more difficult. For example, some people described how their relatives had made negative comments about the fact that they had lost their home and were now in receipt of state benefits.

The physical and mental health of many people was affected. Most of the men and women who participated in the study had suffered from depression. As one man said, "Depression is the biggest thing that's happened to me - I didn't know that I could feel like this." A small number of men said that they had contemplated suicide, but that they had not gone through with it because they wanted to do what they could for their children. Chronic conditions among both adults and children, such as asthma or seizure, got worse.

The study finds that children are worried about having to change school and that many lose contact with their friends. Personal and family relationships are disrupted or even destroyed. Depression is common following house repossessions, physical health suffers and parenting is made more difficult.

Lenders can pursue debts associated with repossessed homes for up to 12 years after the event. There is a widespread belief that a borrower can just "hand the keys back and walk away", but this is not the case. The lender will want to recoup the money owed, which may or may not not be covered by the sale of the property.

THE SOLUTION

Through our sister company Blue Cherry Property Consultants, we offer fast solutions for UK house repossessions fears. For example, they could buy your house, repay your mortgage and arrange for you to stay in your home as a tenant. Apart from avoiding repossession, you will also have the option to buy back your home when your circumstances have improved. Much stress and upset can be avoided in this way.

In many cases, the best thing for a homeowner to do when facing a house repossession situation, assuming that the homeowner's inability to pay the mortgage is not temporary, is to SELL THE PROPERTY AND SELL IT FAST!

Blue Cherry Property Consultants buys a variety of houses at the house repossessions stage. They are experts in preventing house repossessions and can assist us in our efforts to avoid your bankruptcy. You'll then be able to get on with your life and avoid having this situation haunt you for years to come.

Blue Cherry will not take advantage of your unfortunate situation but will simply work with you to figure out a mutually beneficial solution so you can get on with your life.

If you want to learn more about how you could quickly solve your house repossession problems, or if you think you might need to sell your house and solve your other debt problems, help is at hand. Simply click on save my home and we will contact you in complete confidence to discuss your needs.