Stop Repossessions; Who Wants To Be A Millionaire? |
Winning the lottery is, you would think, sufficient to look forward to a debt free future. Not for one such winner, who was unable to stop repossessions taking place on his home and possessions.
Scoring a £10m lottery win was a dream come true for hospital porter, John McGuinness. However, this dream soon turned into a financial nightmare and, according to a report in the Mirror, he managed to blow his fortune in just 12 years and has saddled himself with £2.1m worth of debt. His home is to be repossessed and he faces the very real prospect of being made homeless. To stop repossessions, many homeowners in the UK who have trouble meeting their mortgage repayments will find that a quick house sale scheme can release the equity from their home and avoid the threat of repossession.
Stop Repossessions - Living Within Your Means
One of the primary reasons for Mr McGuinness' financial fall from grace was a spectacular failure to live within his financial means which, given his £10m fortune, seems fairly hard to believe. However, the Mirror reports that he squandered much of his winnings on a football team that he didn't even support. He funnelled cash into Scottish football Livingston but the club soon had massive debts which Mr McGuinness became personally responsible for. When looking at the other ways that the lottery winner splashed his cash, it is of little surprise that he was powerless to stop repossession proceedings beginning against him:
- £1.5m Gifts for mum, dad and sister
- £4m lost in Livingston F.C
- £1m to in-laws
- £750,000 to ex-wife
- £500,000 on range of supercars
- £400,000 lost on property deals
- £500,000 on luxury holiday home
Speak To PBC Property Solutions To Stop RepossessionsPBC Property Solutions are specialist property professionals and offer fast, effective and friendly solutions. PBC Property Solutions will help you sell your house quickly without the pressure and uncertainty of a sale on the open market. Whether you want to sell your home to prevent repossession, to release equity from your home, or to sell and rent back your home, PBC Property Solutions will find the right outcome for you. Offers can be made within as little as 24 hours and all legal fees will be paid. So, for a quick and friendly response, look no further than PBC Property Solutions. To find out more on how to stop repossessions, just fill in our online enquiry form.
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