The current financial climate has prompted mortgage lenders into exploring alternatives to repossession.
The Assisted Voluntary Sale scheme offers an independent and transparent scheme for borrowers to use as an alternative to repossession. Spicerhaart is offering a complete end-to-end management process for Assisted Voluntary Sale where repossession is avoided and the borrower remains in control of the property.
Spicerhaart’s Asset Management experience means we are able to ascertain the property’s true value from the outset and market the property in conjunction with the borrowers through to completion. Using this method, fire sale tactics via auction/private treaty are avoided thus benefiting both the lender and the borrower whilst at the same time achieving the best possible price for the owner occupied property.
Spicerhaart will also provide a bespoke suite of Management Information to deliver patterns and trend analysis on the Assisted Voluntary Sale cases to its client base. Spicerhaart’s unique selling point on its Assisted Voluntary Sale scheme is the ongoing management of the case by one of our appointed representatives with personal visits to the borrower in their homes.
The representative will discuss in detail an in-depth marketing strategy with the borrower along with any cosmetic enhancements that may aid the sale. There will be an ongoing dialogue on a face to face basis (a minimum of once per month) to keep the borrower and client fully up to date with and viewer feedback.
A scheme for borrowers to use as an alternative to repossession.
Assisted Voluntary Sale (AVS) is a Mortgage Arrears Resolution Process (MARP) in accordance with Code of Conduct on Mortgage Arrears. This resolution is designed to offer customer’s assistance in selling their property.
The AVS scheme is aimed at customers who are experiencing financial hardship and offers an alternative solution to court proceedings & eviction.
Why Use Spicerhaart?
- In-house Compliance Team for auditing of agents
- Call listening/recording facility for dealings with your borrowers
- In-house mystery shopper service available
- Chainfree - our wholly owned online marketing portal
- In depth local marketing reports
- One to one (fully documented) personal visits to your borrowers in their homes
- Property grading facility using our in-house bespoke grading system
- Monthly Management Information to all clients to include details of one to one visits
