The number of people whose homes are repossessed is rising. However, the good news is that most mortgage possession claims do not result in the owner losing their home. If you have concerns about repossession, Payplan can guide you towards the right course of action for you, your home and your family.
Call PayPlan’s Special Advice Team free on 0800 280 2816 or use our online Debt Help Form for a quick and easy way to get free debt advice.
If you fall behind on rent or mortgage repayments even by a couple of months, the landlord or mortgage company may take action to reclaim the property. This can seem like a frightening experience so it’s very important to stay calm and seek professional advice.
We would advise you to attend the court hearing, even if you have replied to the claim form. Some people may be intimidated by the idea of appearing before a judge – in reality it’s an opportunity for you to submit your payment proposal privately. There will only be the district judge and the solicitor for the landlord/lender present in the room with you. If the district judge believes your offer is reasonable he or she might grant a suspended possession order.
This means that you will be able to stay in your home providing you continue to pay the ongoing rent/mortgage plus the agreed amount towards your arrears. If you don’t comply with the terms of the suspended possession order the lender can apply for an “Eviction Warrant” without further court action. Once an eviction warrant is in force the court bailiffs will set a date to visit your property and ensure that it has been vacated.
If the court does not consider that you can realistically afford to clear the arrears, it is likely that they will make a possession order, usually effective in 28 days. If this happens and if you want to stay in your home, it is very important to contact Payplan for further assistance.
Call us free on 0800 280 2816. If your circumstances change and you feel in a position to retrieve the situation and halt the repossession, you have the right to apply to court at any time before the eviction. You need to be sure about this and will have to convince the judge of your ability to pay.
We must take steps to ensure that repossession is only ever a last resort – by making financial advice compulsory at the point repossession claims are issued.
PayPlan already offers free advice for all debt situations and can help you find the best solution if you’re facing house repossession. If you’re concerned by mortgage arrears or house repossession, take action now and seek advice straight away.
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