Does an outright possession order mean you have run out of time? An outright possession order in its simplest form, is a legal directive that grants your lender the right to take possession of your property due to failure to meet mortgage payments. This order is the end result of a legal process initiated by […]
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If you’re behind on your mortgage payments, what are your lenders expectations? Unfortunately, many homeowners are currently falling behind with their mortgage payments, leaving them full of worry and loss of focus on the things that matter. One of the focus points often missed is the expectations of the lender, which if understood correctly and
If you’re behind on your mortgage payments, what are your lenders expectations? Read More »
Ever wondered how the banks value your house before the repossess? Mortgage arrears always bring stressful and uncertain times. Lenders undertake valuations as part of the repossession process, not only to understand the current value of the property but also to gauge the potential recovery amount if the property must be sold. This valuation is
Ever wondered how the banks value your house before the repossess? Read More »
Do you know about the 12-month mortgage grace period from the introduction of the “Mortgage Charter”? In the middle of 2023, a pivotal moment took place in the relationship between homeowners and lenders. Known as the Mortgage Charter, it is becoming a testament to the power of empathy, collaboration, and proactive problem-solving in addressing the
What is a Voluntary Repossession?? Recently we were asked if we have helped anyone go through “voluntary repossession” to which the reply was no. This got me thinking and I decided to research into seeing what exactly is a voluntary repossession and what’s involved, so that if we were to come across someone that was
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Facing Eviction? Understand the process and seek support. Facing home eviction after receiving a court repossession order can be a challenging ordeal, but understanding the process and seeking appropriate support can help homeowners navigate this difficult time more effectively. By being proactive, communicating with lenders, and exploring available options, homeowners may find ways to mitigate
Facing Eviction? Understand the process and seek support. Read More »
