Avoid Repossession

Don't Let Them Take Your Property

The Repossession Stopper can help you to stop an impending eviction, whatever stage of the process you find yourself in:

• If you have missed mortgage or loan repayments and fear repossession - We can help!
• If you have received a court date, it is not too late! - However if you do not act quickly then you could find your home being repossessed!
• Even if you have been to court and have already handed over the keys to your home, as long as the property has not yet been sold then it is not too late to stop your repossession!

Avoid Repossession

You could become homeless if you can't keep up your mortgage repayments. If you ignore the problem it could escalate and become far worse - leaving it more difficult to control your debt and avoid repossession. Don’t let this happen! Take control today by contacting us so that we can help you to avoid repossession.

Repossession is a process that occurs when a first mortgage or secured loan lender obtains a court order to take possession of a property due to a borrower's failure to keep up to date with the mortgage or loan repayments.

Your lender can take you to court if you don't pay your mortgage or any other loan secured on your home. Your freeholder can also take you to court if you break one of the conditions of your lease, however this is very unusual.

There are different ways that a borrower can avoid repossession. Arranging a remortgage or secured loan are two options that are open to the homeowner(s) however there must be the capability to meet any increased mortgage or loan repayments in the future - along with the need for a sufficient amount of equity within the property. By arranging a remortgage you could clear your outstanding arrears and even reduce your monthly repayments by achieving a more competitive rate of interest - this will largely be dependent on your current circumstances.

If you are a homeowner, your lender may only take possession of your property if the court makes an order telling you to leave. The most common reason for a property to become repossessed is mortgage arrears or arrears on a secured loan. It may be possible to avoid repossession by taking action at the earliest opportunity - whether you are able to negotiate a solution with your current lender or whether you are looking to switch lenders altogether.

The courts may turn away a lender's application for a repossession order for a number of reasons - This may be because there wasn't enough good reason to repossess your home or simply because the judge believed that you should be allowed to stay, allowing you time to put the situation right.

The time taken to avoid repossession will depend on the individual circumstances of the applicant. However this can usually be done within a few days. When the eviction order is granted you will usually have six weeks to make arrangements.

Remember, the time is now to let us help you avoid repossession

If you have been threatened with a repossession court order you need to act quickly to stop this from happening, complete our quick form here and we will do our best to help you.