Questions and Answers
Ask A Question or Read Previously Asked Questions
How Long Does A House Repossession Take?
Question: I am worried about my mortgage arrears. I have had a few bad months with some large unexpected bills. I have a repayment mortgage and my bank has said I am not entitled to a payment holiday. They said if I don’t pay the arrears they will start repossession proceedings. I am really worried I can not loose my home. Anna, Birmingham.
To answer your question simply, a repossession order will typically be a 60 day repossession order. If however you do not contest the repossession or don’t turn up to the hearing it is more likely to be a 30 day repossession order. However, you are not clear if you have even received a notice of intended court action or a court date. There is no hard, fast, rule which states when each lender will start repossession proceedings, they can be after just 1 missed payment – the average is between 2 and 3 missed payments.
If you are worried and you can not keep up with your repayments and your house is at risk from repossession then it might be wise to consider selling your property for cash and moving to a more affordable house that doesn’t stretch your budget to this extreme.
Repossession-Stoppers.com Answers And Advice
The answers above are provided in good faith, to the best of our knowledge. Whilst we always try to be accurate, we can not guarantee there legal accuracy. For that reason we recommend that in addition you carry out your own research and / or seek professional legal advice.
Best Wishes, John.
What are the next steps to take?
Do you need further help or advice?
If you require any further help you are welcome to speak to us anytime for free advice on home repossession or how to sell your house fast. Our service is free, independent and confidential.
You can speak to us today on: 0800 612 6581
Our expert advisors are friendly and very knowledgeable in all areas of the home repossession process and the law. They are on hand to answer any questions you may have.
Request an online Guaranteed Cash Quote
For whatever reason you wish to sell – we can guarantee to buy your property quickly within a time frame to suit your requirements.
If you would like to receive a guaranteed cash quote for your house and then simply complete the quote generator at the top right of this page. Or call us on 0800 612 6581 to speak to an advisor and get quote for your property by telephone.
We can buy your house and you move or we can buy and you then rent it back – the choice is yours.