One way to invest into repossessed properties is through a collective investment vehicle which makes it suitable for pension investors e.g SIPP or SSAS.
The lending is done throught the fund which is non recourse to the individual and does not affect any of the individual's credit rating or...
I see plenty of buying opportunities ahead for cash buyers. The big institutional money is starting to go back in at these reduced levels. There won't be another year like 2008 for a while. Fill your boots!!!
I have seen guaranteed return offers in Morocco but if you are a first time investor why not consider something closer to home first.
There are a lot of funds where you can invest from £20K even using your SIPP to acquire a holding in a property deal