What are the laws Surrounding Repossession?
The laws surrounding Repossession, Eviction & Mortgage Arrears is Section 36 of the Administration of Justice Act 1970 (as amended).
There is also case law that exists that most courts will rely on and this is the case of Cheltenham & Gloucester V Norgan 1996, in which the court ruled that the starting point for the court should be to establish if the arrears can be paid over the remaining term of the mortgage.
Whilst the law exists we find that many lenders employ policies that do not comply with these laws and will continually try and force you to pay more than you can afford. Many lenders will ask for a lump sum for which there is no legal precedence. However lenders are under financial pressure to get money back on their balance sheets or back to the UK Taxpayer and this is their primary objective in most cases we see there is very little support provided to struggling home owners.In most cases it is possible to stop an eviction, with only hours to spare but the longer we have the better to prepare your case and ensure that we have a detailed understanding of your circumstances that have caused you to be facing eviction and how your situation has now improved. Call Lender & Court Services today on 0333 577 7547 for further details of the laws surrounding repossession and how we can help keep your home safe.
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