Stop repossession of your house

Knowing that you’re in danger of having your home repossessed can make for a stressful and daunting time.

Whatever the reasons for a repossession threat to your home, there are ways you can stop or slow down the process. People usually face the threat of repossession because they have failed to keep up their mortgage payments and have also failed to contact the lender to talk about their circumstances or come to a new payment arrangement.

How to stop the repossession of your home

The repossession process can take several months to complete and you are able to stop it at any time, with help from specialist agencies and advisers. Whether it’s as soon as you’ve received your first warning letter from your lender, or only when you’re due in court, you can make the difference between keeping your home and losing it.

Letters – try and answer every letter you get from your lender and make suggestions about how you can make payments. Keep a copy of every letter you receive and every letter you send so that if you do have to go to court, you have a complete record of all the relevant correspondence.

Legal advice – get legal or consumer advice as soon as you can. Consumer advisers can help you to look at ways to cut your costs so that you can at least demonstrate your willingness to pay your debts by making small regular payments. They can also help you to write clear letters to your lender or finance company setting out your financial difficulties and how you plan to overcome them. You can stop the repossession of your house by responding positively to your lender’s offer to help you manage your payments.

Attitude – it’s important that you demonstrate a positive attitude to stopping the repossession of your house. It can be difficult to do this, particularly if you are already experiencing stressful circumstances, but it could make all the difference to the lenders, and to the courts, if the repossession process gets that far.

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