Are you looking for a way to stop a real property repossession? With the current state of the UK property market, you are certainly not the only one.

The lending rate now stands at 5 per cent, and the most recent statistics released by the International Monetary Fund (IMF) indicate that there is little chance of a further interest rate cut in the next 6 months. To the contrary, the Bank warns that an interest rate hike is a very real possibility at this stage.

Ultimately, it is becoming increasingly difficult for home owners who are facing a large amount of debt, particularly those who need to stop a home repossession urgently, to keep up with the payments on their mortgages, not to mention their other financial responsibilities.

To make matters worse, property prices are lower than they have been in 12 months. Having decreased by another 0.5 per cent during the previous month, the average price of a house in the UK is now 1.9 per cent cheaper than it was this time last year. While this may seem like good news at first, the reality is quite different. Low property prices are making it almost impossible for UK home owners, including those who want to stop house repossession, to sell their homes at a reasonable price. That is, if property buyers come forward at all.