If you are in debt or have mortgage arrears you may consider selling your house. Your main options are:
By selling and downsizing or renting another house you will not only prevent repossession but may end up with some cash released from the equity in the house to pay off your debts.
Some companies offer a service where they can buy your house and rent it back to you. This will mean that repossession is halted and although you will no longer own your home you can carry on living there. As long as there is equity in your house your monthly payments can be reduced and some cash may be freed up from the sale. Don't Repossess Me offers such a service.
Debt Consolidation Explained contains general information only. We strongly advise you to seek qualified professional advice before taking any action.