How quickly can your house be repossessed? The fear of potentially losing your home when facing a repossession order can leave you at your wits end, but there is a process that has to be followed and depending on your situation, the timeline on how quickly your home can be taken back by your lender […]
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Can you sell your home whilst in mortgage arrears? I have been asked if it is possible to sell your house when in mortgage arrears and the short answer is yes, but there are a few things that need to be considered, like the following: The First Step is probably understanding the depth of your
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Are debt management plans that hard to put together? For those in mortgage arrears, managing debt can be overwhelming. Amidst this, Debt Management Plans (DMPs) can offer a structured way to get through the financial uncertainty that being in debt can cause. But what exactly is a DMP, and where can you find the best
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Do banks really like to repossess your home? Facing home repossession can be a daunting and distressing situation for any homeowner, but is it the same for the lender? Most mortgage lenders view repossession as a last resort, as the process is not only cumbersome and lengthy but comes with significant costs and implications for
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Have you heard of the Repossession Pre-Action Protocol? Receiving a home repossession order due to mortgage arrears is undoubtedly a distressing experience. However, it’s important to know that there are specific procedures and protocols that lenders must follow before they can proceed with a possession order. One key safeguard for homeowners is the Pre-Action Protocol
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Stress, anxiety from mortgage arrears? There is a way out!! I recently received an inquiry from a homeowner who was in arrears with her mortgage and had been for sometime. I could sense in her voice that an emotional toll was present and the only reason she had reached out to us was because of
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What happens to your joint mortgage if separation comes along? In the UK, joint mortgages are common among couples however, if for whatever reason the couple decide to go their own separate ways, determining what happens to their joint mortgage can be one of the most challenging aspects of the process. The family home is
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Good News is Good News I had a warming conversation yesterday with a lady we were able to help with her repossession order. Long story short, she got in touch with us as a last resort as she was (in her words) “at my wits end” after receiving a notice to apply for a repossession
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JV, Collaboration, Joint Venture…..the same thing! After writing about the joint venture solution to repossession, I got asked what “joint venture” actually meant. In the context of a home that is about to be repossessed and also needs some refurbishment to add to the equity the homeowner has, for me, a joint venture is a
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Has anyone heard of the Housing Possession Court Duty Scheme? I came across this scheme just recently and I wasn’t too sure of what it was, so I took a deeper look. What I learned was that the scheme offers immediate legal advice and representation to homeowners and tenants facing possession proceedings in court. It’s
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