Your Questions Answered
Q. How long does the repossession process take?
A. A repossession normally takes between six months and a year from the start of legal action through to final eviction.
Q. How quickly can repossession be stopped?
A. Funding to stop a repossession may be available as quickly as within 24 hours.
Q. I have a court date, what does this mean?
A. You have to attend court to find out whether your mortgage lender can apply for a repossession order. Most courts won't grant this on the first hearing and normally grant a suspended reposession order.
Q. What is a suspended repossession order?
A. This simply means that you have to agree to the courts that you'll comply with an agreed payment schedule to reduce your arrears. If you fail to comply, your mortgage lender will apply for a repossession order and the courts are likely to take the side of your lender.
