I hear that an additional £70 per month could stop a repossession

Good evening all
It is my first time as a 'blogger' so you will have to be patient with me.
I have heard it mentioned somewhere that the financial world is in turmoil and there is a real threat of people losing their homes. I have also heard that an extra £70 per month could make the difference in whether a property gets repossessed or not.
I don't know whether this is true but four particular incidents that I have been involved in over the past three months appears to suggest it is.

Incident one:

A tenant in one of our managed properties informed us that he had received a letter addressed to the landlord confirming that through a default on the mortgage the property was due to be repossessed within a month. The tenant moved out, the property remains empty and is a source of income for neither the landlord (who lost the property) nor the lending institution who does not want it on it's books. I understand that a payment of £1500 would have prevented this.

Incident two:

As above but this particular landlord was about to have 5 apartments repossessed. All had tenants in with rent being paid (although not sufficient obviously to cover the mortgage). The amount required to stop him losing all 5 properties (of which were only 2 years old) was only £2000.00. Having learned from the earlier incident, we as an Agent on the day of the intending lock change, loaned the landlord the required sum. Today, all 5 apartments are tenanted and rent is being paid.

Incident 3:

I have personally purchased within the last two months two City Centre apartments with parking each at £45,000 under market value. These were two of three that had been repossessed. The total value of the three properties was £515,000. The legal paperwork on the two apartments I purchased showed that a payment of £3800 would have avoided repossession and again, both properties were let out producing rental income.

Incident 4:

We arranged the purchase of an excellent value flat for £20,000 under value. The rental return on the flat is £400 per month. The interest only mortgage monthly repayment is only £245. It is mind blowing how this property was repossessed.

So yes I guess an extra £70 per month could make a difference. The amazing thing is, when I became involved in a part-time additional income opportunity three years ago, the invitation that sold be on joining was " An additional £200 a month in residual income could be the difference in whether I got to keep a roof over my family's head or not. Funny how things work out.

For some time now we have been inviting our clients to join us our residual income business opportunity. Some have become involved, some have not. With the market as it is, I would take an educated guess that the for the former landlords, that £70 could be going along way to helping them have a peaceful nights sleep.