What happens to my remaining equity if I sell to stop repossession?
When you sell to We Buy Any House, your outstanding mortgage and any arrears are settled from the sale proceeds at completion. Any remaining equity above the mortgage balance and our purchase price is paid directly to you. This is an important difference from a repossession. If your lender repossesses and sells your property, they
When you sell to We Buy Any House, your outstanding mortgage and any arrears are settled from the sale proceeds at completion. Any remaining equity above the mortgage balance and our purchase price is paid directly to you.
This is an important difference from a repossession. If your lender repossesses and sells your property, they will typically sell at below market value, and you have no control over the price. Any shortfall between the sale price and your outstanding mortgage can remain as a debt even after you have left the property.
Selling quickly to We Buy Any House puts you in control of the outcome.