Repossessed Houses For Sale

Finding and buying repossessed property in the UK

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Welcome To Repossessed Houses For Sale in the UK

Our website details various types of repossessed houses for sale around the UK with a focus on particular cities, towns and areas of interest around the country.

We also provide valuable information and guides for purchasing low cost repossessed properties, including:

Info on bank repossessed houses for sale the UK

Guides on repo homes and property repossessions

Bargain and cheap properties for sale in the UK

Abandoned, neglected and derelict properties

Repossessed Houses Around The UK

Find out more about bank repossessed houses for sale in the UK including details about each city, local property prices and handy advice for buying a repossessed property in the location of your choice.

How can I find repossessed houses for sale near me?

If you are wondering “How can I find repossessed houses for sale near me?” and you have other questions about viewing and bidding on foreclosed homes in your area, simply click on one of our property sections in the main menu above, such as England, Scotland, Wales or Northern Ireland. These sections detail repo houses for sale in your area of choice.

Repossessed homes in your area will appear and disappear as repo properties are bought and sold by bidders. Bookmark our site now for more details on foreclosed homes, repo properties, neglected houses and other abandoned properties around the UK.

Wales

Repossessed Houses For Sale In Pontypool

Repossessed Houses In Pontypool, Wales Located in the Torfaen borough …

England

Repossessed Houses For Sale In Barnstaple

Repossessed Property In Barnstaple, North Devon Located in the heart …

England

Repossessed Houses For Sale In Andover

Repossessed Property In Andover, Hampshire Located in the picturesque county …

Wales

Repossessed Houses For Sale In Blaenavon

Repossessed Houses In Blaenavon, Wales Located in the heart of …

England

Repossessed Houses For Sale In Bognor Regis

Repossessed Property In Bognor Regis, West Sussex Bognor Regis, a …

Scotland

Repossessed Houses For Sale In Dumbarton

Repossessed Property In Dumbarton, Dunbartonshire Dumbarton, a historic town in …

Northern Ireland

Repossessed Houses For Sale In Banbridge

Repossessed Houses In Banbridge, County Down Located in County Down, …

England

Repossessed Houses For Sale In Dover

Repossessed Property In Dover, Kent Dover, a historic coastal town …

England

Repossessed Houses For Sale In Faversham

Repossessed Property In Faversham, Kent Faversham, a historic market town …

Wales

Repossessed Houses For Sale In Monmouth

Repossessed Houses In Monmouth, Wales Those seeking repossessed houses for …

England

Repossessed Houses For Sale In Leamington Spa

Repossessed Property In Leamington Spa, Warwickshire If you’re in the …

Scotland

Repossessed Houses For Sale In Motherwell

Repossessed Property In Motherwell, North Lanarkshire If you’re searching for …

England

Repossessed Houses For Sale In Darlington

Repossessed Property In Darlington, County Durham If you’re interested in …

Wales

Repossessed Houses For Sale In Barry

Repossessed Houses In Barry, Vale Of Glamorgan If you are …

Northern Ireland

Repossessed Houses For Sale In Newtownards

Repossessed Houses In Newtownards, County Down Newtownards, a vibrant market …

Repossessed Houses for Sale in the UK

Looking for repossessed property for sale in the UK?

Repossessed houses offer a unique chance to purchase homes below market value. Whether you’re a first-time buyer, property investor, or looking for a renovation project, our listings provide a wide range of repossessed homes across the UK.

We also have great information about derelict property for sale in the UK, including abandoned houses, empty homes and neglected property.

Repossessed properties are often sold at auction or directly by lenders at competitive prices, making them an attractive option for those seeking a bargain. By purchasing a repossessed property, you can:

  • Find Cheap Property: Repossessed homes are frequently sold at a lower price, offering you a great deal compared to traditional property listings.
  • Foreclosed Homes In The UK: From modern flats to spacious family homes, repossessed properties come in various shapes and sizes, catering to all preferences and budgets.
  • Climb The Property Ladder: With the right vision and improvements, repossessed houses can yield significant returns on investment.

Purchasing a repossessed property can differ from a typical house purchase. We provide you with the essential information and guidance on the buying process, including legal requirements, auction tips, and what to look out for in a repossessed home.

What happens when a house is repossessed?

When a house is repossessed in the UK, the mortgage lender takes back ownership because the homeowner has failed to keep up with mortgage repayments. The lender obtains a court order for possession after attempting to resolve the issue through payment plans or negotiations. Once repossessed, the homeowner must vacate the property, and the lender will sell it—often at auction—to recover the outstanding debt, including any additional fees and legal costs. If the sale doesn’t cover the full amount owed, the former homeowner may still be liable for the remaining balance. Repossession also negatively impacts the individual’s credit rating, making it more difficult to secure loans or mortgages in the future.

How long do house repossessions take?

In the UK, house repossession typically takes several months to over a year, depending on the circumstances. The process begins when a homeowner falls behind on mortgage payments. The lender is required to follow pre-action protocols, which involve contacting the homeowner to discuss repayment options and possibly agreeing on a payment plan. If arrears continue, the lender may apply to the court for a possession order. Scheduling a court hearing can take several weeks to months. If the court grants the possession order, it usually sets a date for the homeowner to vacate the property. Should the homeowner fail to leave by that date, the lender can request a warrant for possession, leading to eviction by bailiffs. Throughout the process, there are opportunities for the homeowner to resolve the arrears and halt repossession.

Repossessions UK: Are house repossessions common?

Repossessions in the UK are not highly common but do occur, especially during periods of economic difficulty. The frequency of house repossessions varies based on factors like interest rates, employment levels, and the overall economic climate. In recent years, repossession rates have generally been low due to supportive government measures and low interest rates. However, homeowners who miss mortgage payments and accumulate arrears still face the risk of repossession.

Is it cheaper to buy a repossessed house?

Yes, buying a repossessed house in the UK can often be cheaper than purchasing a similar property on the open market. Lenders are keen to sell repossessed properties quickly to recover outstanding debts, which can lead to lower asking prices or opportunities for negotiation. These homes are frequently sold at auctions or through estate agents at discounted rates. However, buyers should proceed with caution and conduct thorough inspections, as repossessed properties may require significant repairs or renovations.

How can I find repossessed houses for sale near me?

You can find repossessed houses for sale near you in the UK through several methods:
Property Auctions: Repossessed properties are often sold at auctions for a quick sale. Check local auction houses or their websites for listings of upcoming auctioned properties in your area.
Estate Agents: Many estate agents handle repossessed properties on behalf of lenders. Contact local agents and express your interest so they can inform you when such properties become available.
Bank and Lender Websites: Some banks and mortgage lenders sell repossessed properties directly. Visit their websites or contact them to inquire about available listings.
Public Notices: Keep an eye on local newspapers and public notice boards where repossession sales are sometimes advertised.
By combining these approaches, you increase your chances of finding repossessed houses for sale near you.

Are bank owned properties for sale at auction?

Most of the time bank owned properties for sale are sold at property auctions around the UK. On occasion, in a competitive local property market, banks may choose to sell a foreclosed property via a local estate agent. Register with your local property auction house and let them you you are specifically interested in bank owned properties for sale. The auction house will notify you when suitable lots become available.