Updated October 2026 · Fraser Bond
Selling · Repossession
Selling to avoid repossession
Lendertalk early
Freedebt advice
Open marketbest price
Quick-salefirms: beware
In short: If you're behind on your mortgage, contact your lender straight away. Lenders must follow a pre-action protocol and consider options such as payment plans, term extensions or switching to interest-only before going to court. Free advice from MoneyHelper, StepChange, National Debtline or Shelter can help. If selling is the best option, an open-market sale with a realistic price usually raises far more than auction or quick-sale companies, which often offer 70 to 85% of market value. Selling before repossession also protects your credit record and avoids repossession costs. Fraser Bond can value quickly and market with urgency.
Net proceeds compared
Open market (after ~2% costs)–
Quick-sale company–
Difference–
Illustrative; ask lenders for a redemption statement.
Frequently asked questions
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Find out what your property could let for.
Get startedFind out what your property could let for.
Can I sell my house if it's being repossessed?
Yes, until the lender takes possession; tell the lender.
Are quick-sale companies a good idea?
They're fast but usually pay much less.
