The previous 3 blog posts broadly outlined the relevant steps that you should follow if you are in mortgage arrears.  Please see part 1, part 2 and part 3 on dealing with the various stages of repossession. Regardless the amount owed, in most cases, we find that there is a very simple solution to stopping the repossession process.  This means that you will not lose your home or have to sell up if you do not want to. However, you may be in a position where you feel that … [Read More]

If you are behind with your mortgage payments and your lender has sent a letter mentioning repossession or a “default notice”, please do not panic. With the cost of living rising and wages stagnant, this situation is a lot more common than people think. From our experience there is often a very simple solution.  Mortgage lenders are not monsters and have a legal obligation to help you. However, it is important to note that regular communication is key.  We often find that homeowners who “bury their heads in … [Read More]

In our previous post, we outlined what you should do if you are in one month´s mortgage arrears.  If you have now missed two payments, there is still a very strong chance that you will be able to avoid repossession. However, as the situation is more serious, it is vital for you to make a clear effort to get things resolved. Remember that you can talk to your mortgage lender about your financial challenges whenever you need to.  They are obliged to help you– even after they have started … [Read More]

In the previous two posts (see part 1 here and part 2 here), we explored the steps you should take if you are in mortgage arrears. This penultimate post in the series is for homeowners who have a County Court date for repossession. Please note that, even though things may seem very serious, it is still not a foregone conclusion that you will lose your home.  Remember, you have between three and eight weeks before the hearing. You therefore have plenty of time to get the issue resolved. What to do … [Read More]

If a few months have passed since last paying your mortgage, you may have received a date and time to attend court as the lender will be seeking repossession. Please note that a court order does not necessarily mean that you will lose your home and there is still time to get things resolved. However, if you have not already spoken to your mortgage lender, we strongly urge you to do so.  Even though repossession action has been started, the lender and … [Read More]

If you have been missing mortgage payments and your lender is taking you to the County Court, it is important to remember that you still have options available for you to keep your home.  By completing an N244 form, for example, you can request an emergency hearing for a repossession order to be stopped completely or set aside until a judge can look at your case. Below is some outline guidance on how to complete this form*: Before you start, please note that the N244 form will need to be presented alongside specific … [Read More]