If you are facing the threat of home repossession contact our specialist solicitors for advice and assistance tailored to your personal circumstances, complete our online enquiry form or call 0845 144 1441.
Our repossession specialists recognise that the threat of home repossession can prove to be one of the most stressful and distressing times a family or individual can face and unfortunately we are currently seeing a high number of home repossessions in the current economic climate.
It is important to seek expert repossession advice at the earliest possible opportunity so if you are a homeowner in mortgage arrears, are struggling to make mortgage payments or have any other debts secured on your home do not hesitate to contact us as it may not be too late to save you from being force to leave your home.
Areas of specialism
- Mortgage payment arrears
- Mis-sold payment protection insurance (PPI)
- Mis-sold loans and insurance
- Court papers for repossession cases
- Credit ratings
- Changes in financial situation
Repossession is a legal process which enables a lender to take possession of property due to unpaid debts once a Court order has been issued. In a bid to avoid the prospect of repossession you should attempt to keep 3 months worth of salary in a savings account, if you find you are struggling to make payments make sure that you contact your lender at the earliest opportunity.
If you do fall behind on loan repayments you must again contact your lender straight away, ignoring the problem will not make it go away, and steps such as remortgaging your home and debt consolidation could be an option. Repossession should be the last resort.
If you are taken to Court or receive Court papers you should contact our specialist repossession solicitors at the earliest opportunity as it maybe possible to save your home. During a Court hearing a Judge will assess the prospects of you repaying your mortgage and will also want to see you paying a regular monthly amount from your arrears.
There is possibility that repossession can be stopped any time before your home is sold by a lender. If your financial situation improves let your lender know straight away. Contact our repossession team for expert advice.
