Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.
Repossession proceedings will normally occur when a mortgage holder has major arrears on their mortgage. A lender such as a bank or building society can start legal proceedings in order to recover the loan. Mortgages are the first charge on a property but repossession proceedings can also be started by lenders who have provided loans that are secured on property.
