Going through a repossession would be a real hardship on you and your family. You are not alone: we can help you avoid repossession.

In order to stop the dreaded repossession process, you effectively need to sell your house quickly to raise the cash necessary to repay your lender before the repossession has taken place. Realistically you cannot go to the an estate agent as it would take way too long.

First and foremost: repossession means you will lose your dear and beloved house and will have to find very quickly a new house to move into. Of course you will have to go through the usual joy of moving house: changing address, phone number and notify work, banks, utilities, ....

The repossession process can be broken down in 5 distinct stages as outlined below.

Stage one:
Your lender will send you several payment reminders and possibly call you to discuss your financial situation and request payment. They will likely state their intent to repossess your house if you don't repay your mortgage arrears. You still can contact your lender to attempt to find a mutually acceptable agreement. There is still time to repay your mortgage arrears and stop the repossession.

Repossession is without an doubts very serious and very scary. You are not alone: we can help you avoid repossession.

Reposssession is a legal process whereby a lendor will attempt to repossess a property it has a legal charge on because the debtor is not able to make the repayments as defined in the terms and conditions of the lending agreement signed between the 2 parties. This practise is often used by lenders to repossess and then sale houses belonging to homeowners unable to make their mortgage payment on time.