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Repossession

First the bad news. If you get into arrears with your mortgage, your lender will take out a CCJ (County Court Judgment) against you and apply for a Repossession Order. You will be evicted and your credit rating will be seriously affected making it difficult to even rent elsewhere.

The good news is we may be able to help you. The most important thing you must not do is ignore it. You should contact your lender immediately and explain your situation. It is not in anyones interest to go through with a repossession - even the lender.

If it has gone further than this and the process of repossession has begun, or you are about to be evicted try the Citizens Advice Bureau. They may be able to put you in touch with someone.

How can we help ? If you agree to sell to us, then a stay of repossession from the court can be applied for. We can attend a court hearing with you and show that a sale has been agreed. This should be sufficient to stop, or at least delay, any eviction until completion of the sale (within a reasonable timescale). If your lender knows you have a buyer for your home which covers any outstanding debts they should be prepared to postpone the repossession. Our solicitor will write to them confirming our intention to purchase your property.


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