Facing eviction is perhaps one of the most emotionally strenuous times we can go through. Here at We Buy Any House, we have compiled a small guide on why people end up being evicted, and what you can do to if this happens to you.
One of the most common reasons banks end up repossessing properties is because of mortgage arrears. When it comes to buying a home, most people will have to borrow money from the bank and make monthly repayments in order to keep their property. However, if you fail to keep up with your mortgage payments, your bank and mortgage lender will begin to repossess your property and then resell it as a means to recover any money that is owed to them. If you miss one mortgage payment, then they will send you a letter and require you to bring your payments up to date. However, if you begin to miss multiple payments, then you will be asked to come to court, and legal proceedings will begin in order to repossess your home.
Breach of Contract:
If you are leasing a property, then your landlord has grounds to evict you if you breach your contract. This includes if you smoke inside the property, bring in pets which you are not allowed or sublet without permission.
Any Anti-Social or Illegal Behaviour:
If you are a tenant of a leased property, and you consistently keep engaging in anti-social behaviour, then you are eligible for eviction. Anti-social behaviour includes anything from noise restrictions, issues with neighbours or using your property for anything illegal or improper.
What to Do If You’re Facing Eviction:
Check If You Can Get Extra Money:
It’s a good idea to see if you can get any extra money if you’re facing eviction. Housing Benefits or Universal Credit are great options.
Make Sure You Get Your Tenancy Deposit Back:
You can speak to your local Citizens’ Advice if you need more help.
Speak to Social Services:
By speaking to social services, they are an alternative to the council when it comes to finding a home after your eviction.
What To Do If You’re Falling Behind on Mortgage Payments:
Contact Your Lender ASAP:
It’s vital that you contact your mortgage lender ASAP and let them know your current situation as to your mortgage payments, as they may be able to give you a little more leniency when it comes to paying back one missed payment.
Try to Keep Paying:
Your bank is obliged to treat you fairly, so it’s important that you keep finding ways to pay your mortgage payments. By keeping up with a minimum payment, this shows that you are trying, which is better for your credit record and for future purposes.
Prioritise Your Debts:
If you’re finding it difficult to pay your mortgage, then it’s a good idea to at least prioritise your debts, and try and pay for some things you can afford.
This article was written by a quick house sale companyWe Buy Any House. If you’re wondering “how can I sell my house quickly?”, head to the We Buy Any House website for more information relating to all property related enquiries.