Home Repossession Process In The UK (When Is It Too Late To Stop It?)
Understanding that mortgage lenders only commence court action to repossess your home as a last resort may help your mindset. You are best advised to not ignore your mortgage lender if they’ve contacted you about being behind on your mortgage payments. Ignoring them about your mortgage arrears will only serve to speed the repossession process up. Your mortgage is secured against your home and your lender has the right to repossess it. But if you speak to your lender and explain your predicament, you may be able to stop the repossession and agree revised payment terms.
