How Many Months Mortgage Arrears Before Repossession? 

Mortgage Payment Arrears: How Long Do You Have?

As homeowners with mortgages know, financial problems and the non-payment of monthly loan instalments usually lead to unsettling and severe consequences. Sooner or later, if the mortgage continues unpaid, the threat of possession proceedings looms on the horizon. However, the repossession of property is not immediate; the process can take several months.

If you are concerned about finances and your home, help may be at hand. Also, please read on as below, we explain how long repossession for mortgage arrears typically takes.

What Does Arrears Mean?

Technically, loan payments – including those for mortgages on residential properties – are overdue or in arrears from the day after a missed payment. Nevertheless, some lenders allow a grace period of up to fifteen days before contacting the borrower(s) concerned. For some people, this unofficial concession might be enough to get around temporary, one-off cash flow issues. In contrast, if the financial problem is more serious, a two-week breathing space is unlikely to resolve the outstanding amount. 

How Many Months Before Repossession?

Possession proceedings are the official term for repossession. Although lenders are usually entitled to take action from the outset, many of them see it as a last resort. In other words, banks, building societies and other mortgage finance providers do not usually want to initiate legal action unless they have to. In most cases, three months of missed payments are a trigger point, but the delay can be longer. 

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What Happens Next?

If and when a lender decides to initiate action, a protocol for mortgage arrears applies. Lenders have to follow an approved procedure and keep the mortgagor i.e. the borrower(s) fully informed. Additionally, the bank, building society or mortgage house must provide an opportunity to put the situation right before any repossession action starts. 

Nowadays, lenders do not knock on the door at the outset. Typically, a sequence of standard letters warns of the situation and the possibility of action. In accordance with the accepted standards, borrowers have a fortnight to respond to such communications. Eventually, however, if the arrears remain uncleared, the lender will likely warn that they intend to apply to the relevant county court for a possession order.

Pre-empting Repossession

For some people who run into spells of financial difficulty, even after adjusting the household budget, it is simply not possible to meet payments and clear the arrears. In such cases, one could approach the lender first. Being proactive and making contact in this way tends to create a favourable impression; lenders probably perceive such borrowers as more responsible and committed than those who ignore the signs of difficulty. All the same, before going to the office for an appointment, it is necessary to have a realistic plan. 

You might wish to consult the site. Help is available from the legal aid scheme and Civil Legal Advice for those who are eligible, or freely from:

  • Citizens Advice.
  • National Debtline.
  • Shelter.
  • Your local council.


Part Payments

If possible, offer the lender a part-payment and suggest an affordable level of regular repayments. Notably, they must allow time to claim government or mortgage interest support and provide an option to reschedule the payments under the terms of the protocol.

Never Too Late to Make a Payment

Notably, it could still take months for the case to reach court and a possession hearing. Significantly, it is never too late to make a payment or reach a possible agreement with the mortgage provider. Such initiatives could delay the process, move it back a step or two – or even halt it completely.

You Could Consider Selling the Property

Finally, depending on your housing needs, you could consider selling the property. If circumstances permit, even if it seems unpalatable initially, this option could be attractive in the long term. Experience has shown that houses sold by owner-occupiers tend to realise higher selling prices than repossessed properties when lenders take charge of the process.

We help save your home by stopping your eviction, helping you clear your arrears negotiating with your lender.

What people have to say about Home Owner Management Services

I really can’t thank you guys enough. I was certainly headed for another breakdown, however, the sheer weight of your support saved me from despair and I am sat at home nice and  warm, in familiar surroundings thanks to you.

I can’t believe, looking back, how much time I wasted trying to convince the lender to let me stay, so many documents and offers, my only regret is honestly not phoning you sooner.

Mrs M
I was at a total loss at what to do with my situation, having been a mortgage broker, I was convinced I had the ability to talk to my lender and negotiate however; nothing I could offer was good enough!

They explained the process to stop the eviction and when it all came together it was like a case of De Ja Vu, it went EXACTLY as they said it would. They got me enough time to save up my deposit to go and rent, and I just let the lender have the house because I had negative equity anyway.

I am now back to a comfortable state of living and have no stresses anymore. I didn’t have to borrow any money from anybody because I didn’t have to pay the mortgage while I was saving up for my rent.

The best part was having the ability to remove my belongings at my own pace, and it not being done for me! I didn’t need to arrange storage or anything. I cant begin to express how grateful I really am!

Mr L

I really had my head in the clouds as I believed I now had no where to turn. I had already made my appointment with the council to assess me for emergency housing. However my council said they could only find me a hostel to stay in. 1 call to Aggressive Lender Solutions and I no longer had a problem.

They resolved the Eviction order in a matter of days, giving me every confidence that they could achieve it, every step of the way. I don’t know where Id be if they didn’t help.

Mr B

Thank you so much for your help. We can now keep our home for the long term. We now have to pay our Lender a monthly payment we can finally afford after a year of turmoil. The hardest thing was unpacking all the boxes we had already packed because we thought there was no hope.

Everything you did for us was so quick and professional, our home was saved before we knew it, it took some time to sink in, but they really did achieve what we thought was impossible. In less than 24 hours of phoning them the eviction order was cancelled.

With the weight off our shoulders we can concentrate on living again and earning the money we need to pay the mortgage without living in fear of the Bailiff knocking on the door with an eviction order!

Mr & Mrs J W

It is never too late to contact us, even if your eviction is only an hour away. Call 0800 298 0571