Now more than ever, UK homeowners are facing a grave reality: If they do not keep up with skyrocketing mortgage costs, they will lose their houses to repossession. Before the credit crunch, a fair amount of property repossessions were recorded in the UK each year. However, since the sub-prime crisis began wreaking havoc on the property market in 2007, the number of house repossessions has soared, and thousands of individuals have lost their homes each month.

When it comes to house repossession, most people know that eviction forces individuals out of their properties and, in some cases, onto the street. But did you know that house repossession could have a severe impact on homeowners and their families in a number of other ways too? And exploring the alternatives to a real house repossession reveals the sad fact that there are few legal steps an individual can take. Fortunately, there is now a great option open to those seeking to stop house repossession: sell your house and rent it back.

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