It is still not too late to reach an agreement at this stage. Your Lender may insist however that you negotiate directly with the Solicitors or legal team, so as to ensure that they do not agree to anything that will jeopardise their ability to achieve a possession order against you.
Importantly, you must exercise the same level of caution. You cannot afford to offer or agree to something like an unaffordable monthly payment or a lump sum payments that are going to stop you making future payments, because it can be used against you if your case proceeds to a court hearing.
At this stage of a case, we are very careful about what we reveal about your circumstances and what proposal is put forward to recover from your position. We will recognise which Lenders and Solicitors will insist on the court action proceeding and those that we believe we can convince to delay the court action altogether.
You can benefit from our decades of knowledge and experience. We can make the negotiation and result of the initial court action relatively painless. It is very important to understand the consequences of any action you might take, and we will be able to offer you a number of different avenues and what the consequences of each will mean for you. We need to make a full assessment of your individual circumstances and will be happy to do so if you contact us.