House repossession has increased significantly since the “credit crunch” has hit the UK economy. In reality many people were given loans in the good times which they could barely afford. Now it is very difficult for these people to pay for the mortgage repayments. Unfortunately some companies are taking advantage of vulnerable people who are [...]
Suspended repossession What happens with suspended repossession? A ‘Suspended Repossession Order’ is a legal arrangement between you and your lender following your repossession court hearing. It means that the repossession order has been suspended or delayed. If a judge believes your mortgage arrears can be resolved, they’ll try to award you a suspended repossession instead [...]
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