I am being threatened with repossession – what should I do?
Please do not panic – there is usually a very simple solution.
Property Solvers has helped people facing repossession for over 15 years.
It is important to remember that, in most cases, mortgage lenders do not want to evict homeowners.
They are also required to follow “pre-action protocol” rules which are there to protect you.
Above all, you should maintain communication with your lender. Always be completely honest about your situation.
By law, they must cooperate and work with homeowners to find the best solution – even if you have a court date. For example, they may suggest you make small payments or swap to an interest-only mortgage.
Most people we speak to do not get repossessed and keep their homes. Please see our guide on how to stop repossession.
Selling to Property Solvers to Stop Repossession
If you simply decide to sell, Property Solvers can make a firm offer within hours.
Our specialist team of solicitors will contact your lender’s legal department. They will show our proof of cash funds to stop the repossession process (we do not use mortgages).
If you already have a court date, our solicitors can go with you to clarify matters to the Judge. We can also arrange an emergency court hearing (but this is not usually necessary).
This usually results in an extension for us to buy the property. But if the Judge refuses, our solicitors will draw up a 24-hour exchange contract to present to the court. We can then complete the sale within the following 7 days.
We will pay for all your legal and court-related fees.
See our stop repossession page for more information.
Back to section | Back to top