Mr and Mrs H. - I had lost my job
"We were 3 days from repossession when we called Repossession Angels.
I had lost my job 6 months prior to this.
Repossession Angels purchased our house, they paid off our £20k arrears and we received £10k to pay off our debts.
RA rented the house back to us for the first 6 months for free." [Please note that not all deals include a rent free period.]
"After 6 months we now rent our house at market value.
We have a legal option agreement to purchase back our property at an agreed price when I get a new job.
Our new rent includes £100 per month that is saved
by them to be used by us as a deposit when we repurchase the house."
Mr and Mrs S. - Our buyer fell through at the last minute.
"We had sold our house and were due to move
into our brand new home on the 17th December.
We phoned Repossession Angels on the 29th of November to say that our buyer had dropped out after 3 months and
if we did not complete by the 17th of December we would lose our dream home.
An Angel visited us at 6.30pm that day and made us an offer which was accepted.
We completed the purchase by the 17th as planned."
Mr and Mrs B - My Wife fell ill and lost her job
"We were having severe financial difficulties as
my wife had lost her Job due to a heath problem.
We had lived in our property for 15 years and were was soon to be repossessed.
Bailiffs were calling weekly to collect council tax arrears and our total debts were almost £30,000.
Even if we had sold our property there was not enough equity to pay all of our debts."
"Repossession Angels helped us negotiate with all our creditors to accept approx 33% of our debt.
This allowed Repossession Angels to purchase our property and pay all our debts leaving us in a position to
be able to afford to rent our property back from them."
"Our friends and neighbours never even knew.
We now get 90% of the rent paid by housing benefit because of my wife's health problem."
Mrs G - I had split up with my Husband
"I had separated from my husband who had left me with a lot of debt.
I did not want to leave my house but could not afford to stay on my own.
Repossession Angels purchased the property and rented it back to me with the cash I raised I was able to
pay off my debt and rent back the property."
