How do I stop a repossession order?
You can stop a repossession order at any time, nearly up until eviction day. No matter how you go about stopping a repossession order, you must sort out how you would like to deal with your mortgage problems. At the very least, you should start making a plan and then convince your lender to agree with you. Believe it or not, the law requires lenders to be open to receiving your suggestions, whether they agree with them or not.
Your options to avoid repossession of your home:
- Make a plan of settlement of your debts.
- Keep in contact with your lender; write a letter to your lender attempting a mortgage
- Contact us as we are the specialist in stopping repossessions
If your lender has already filed a claim against you, take these next steps:
- Prepare evidence and legal representation for your repossession hearing.
- If you were issued an order for repossession, ask a legal adviser if your circumstances qualify to file for a new order to keep your home.
- Try to make a new financial agreement with your lender or a potential extension.
- Consider getting a bridging loan to resolve your mortgage arrears and stop
How long does a repossession take?
The length of time it takes to repossess a house depends on how you communicate with your lender and the strength of your negotiations. Normally, a possession order will not be issued before you’ve missed six months of mortgage payments. From receiving the possession order to having your home repossessed could take months, with court hearings and written negotiations potentially lengthening this.
How can we help with stopping repossession?
If you’re facing repossession of your house, Immediate Bank Claims can provide fast, reliable solutions and support to prevent losing your home. We offer fast-acting loans (in the form of bridging), as well as free initial consultation on your circumstances. Getting a possession order can be distressing, which is why Immediate Bank Claims is on-hand to offer our experienced support no matter what you need help with. No solution is too big for IBC!
