A short term bridging loan could clear your existing mortgage or loan allowing time to sell your property for its full market value.
There are a number of lenders specialising in repossession cases and require no credit checks or proof of income for their loans, merely that the property is placed on the market before the loan completes.
Yes bridging loans are expensive compared to other loans, but they are very quick to arrange and are only meant for a short term.
A six month bridging loan could cost less than 10% of the property value.
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