How to Stop Repossession
Facing Repossession is a very difficult time, if you do not seek the right advice that will help you stop your repossession then you could lose your home unnecessarily. We are here to provide a full assessment of your legally supported options, that your mortgage lender should have provided. More importantly, we can force a legally supported defence through the court so that you have a court order to follow and do not have to jump through the hoops your lender in no doubt trying to make you jump through now.
What Happens if Repossession is Threatened?
When faced with a court hearing, it is best to seek prompt assistance. In any case, the judge will listen to both sides of the argument; the fact that a lender has applied for a repossession order does not mean that the court will automatically grant one. Professional representation is not always essential, though it may often be advisable or beneficial.
If you are unfortunate enough to be one of them then we can help.
Repossession Support & Guidance
If you are a homeowner and need support, we will guide you through your options to prevent repossession of your property with a free consultation. Our friendly, highly focused, team of experts will listen to your unique story and identify solutions for your specific circumstance. For over 10 years we have created a fantastic team that specialise in giving the best advice and help they can in order to stop repossession and to save homeowners from losing their property.
Stop Eviction: N244 Application Notices
Importantly, if your mortgage lender or landlord has served a repossession notice against you, you should act quickly to stop the eviction. We use N244 forms to apply for emergency court hearings so that we can state your case professionally. Only when correctly presented will the N244 form delay or stop repossession.
Completing N244 applications is not straightforward; there are essential steps to follow. Above all, it is vital to present the N244 form correctly and within sufficient time. Naturally, there must be an adequate defence; merely stating that the occupier has nowhere to go is seldom enough.
Subsequently, we attend court with you to explain the background and inform the court of all the necessary facts. If the mortgage lender suggests that you are unable to clear the outstanding arrears, robust representation is of particular importance. Subsequently, the judge decides whether or not to suspend the process and stop the eviction. The court usually delivers its verdict after twenty-eight days.
UK Finance’s latest Mortgage Arrears and Possessions Update for the first quarter of 2018 reveals that:
There were 78,800 homeowner mortgages in arrears of 2.5 per cent or more of the outstanding balance in the first quarter of 2018, 8 per cent fewer than in the same quarter of the previous year and the lowest level since records began in 199
Within the total, there were 24,100 homeowner mortgages with more significant arrears (representing 10 per cent or more of the outstanding balance). This was 3 per cent fewer than in the same quarter of the previous year.
There were 4,500 buy-to-let mortgages in arrears of 2.5 per cent or more of the outstanding balance in the first quarter of 2018, 6 per cent fewer than in the same quarter of the previous year.
Within the total, there were 1,100 buy-to-let mortgages with more significant arrears (representing 10 per cent or more of the outstanding balance).