Borrowers Assisted Sales Service
The Borrowers Assisted Sales Scheme happens when the lender and borrower both agree to sell the property as the borrower recognises they have fallen into arrears.
Benefits to the borrower:
- Avoids Repossession
- Reduces Stress
- Borrower in control of destiny
- Remains in property - time to manage relocation
- No initial outlay
- Reduced final costs
- Lender buying power
- Lender pays for HIPS
- No litigation costs
- Reduced shortfall liabilities
- Credit record
This process sits neatly under 'Treating Customers Fairly', LSL CCD Sales will be happy to talk through indicidual cases.