What is a House Repossession Notice?
The first time you go to court, you’ll find out whether or not your lender has succeeded in taking out a house repossession notice, or house repossession order, on your home. Luckily, courts rarely grant repossession orders on the first hearing however it does happen especially if you are not in court. The law usually feels that granting a repossession order straight off is too harsh. So it is usually used as a last resort, in cases where there’s no chance the borrower can put things right. House repossession notice: Repossession Order or Suspended Order? In most cases the judge will grant a suspended order. • If you’ve been given a suspended repossession order, you can stay in your home but you must abide by the court’s ruling. This tends to involve repaying your arrears on time, in full, over an agreed timescale; • If the court feels you are unlikely to repay your arrears in a reasonable amount of time, then a repossession notice is the most likely outcome. In this case the court wil
