If you owe money to your lenders you can be taken to court to repossess your home. However, it may be possible for you to avoid going to court. This article produced by Stop Repossession Hull outlines how you can avoid going to court for house repossession.
My lender is trying to evict me
If you are having trouble paying your mortgage or loan, most lenders will only look to repossess your home as a last resort. Lenders usually prefer to sort out your repayment problems using different methods. Your options depend on:
- The type of mortgage or loan you have.
- How many payments you have missed.
- The reasons for you missing your payments, for example, losing your job.
The most important thing to do is not to ignore your lender when they try to contact you. Do not ignore the phone calls or the letters. If you do not communicate with your lender they are much more likely to take you to court. If you need them, we can provide you with examples of letters to send to your lender, contact us by e-mailing StopMyRepossession@StopRepossessionHull.co.uk
Letters from your lender
It is usual for your lender to send you a letter reminding you that you have missed one or two payments. Generally, it will ask you to:
- Confirm how you will catch up with the missed payments.
- Contact your lender to discuss your financial situation.
If your arrears increase or the lender is not satisfied with your proposals for paying your arrears, they will write to you again. The second letter usually informs you that solicitors will get involved if you do not clear your arrears or contact your lender within the next seven days. It is better to negotiate with your lender before solicitors become involved as they can be very unhelpful. This is one of the opportunities for Stop Repossession Hull to help you, by buying your home and stopping your house being repossessed.
Letters from your lender’s solicitors
When a solicitor becomes involved they will send you a letter giving you seven days to pay off your arrears or make a proposal to do so. If the solicitor is not satisfied with your proposal they begin the house repossession process without any further notice.
Don’t despair; it is always worth trying to negotiate with your lenders. Even if you can not reach an agreement should you go to court, the judge will look favourably on your attempts to sort out the situation. This is one of the opportunities for Stop Repossession Hull to help you by buying your home and stopping your house being repossessed.
If the case goes to court
If you have been unable to stop your lender starting court action, it does not mean you will lose your home. It is always worth trying to negotiate a satisfactory solution before the hearing. This is one of the opportunities for Stop Repossession Hull to help you by buying your home and stopping your house being repossessed.
Contacting Stop Repossession Hull about your repossession
Stop Repossession Hull specialise in stopping house repossessions by buying your house. If you have sufficient equity and need to sell your property quickly we can help you. You can contact us using the details on our Contact Us page.