Mortgage Arrears normally start with wider financial issues, such as a loss of income, separation or unsecured debt issues that take over, Mortgage arrears help is available through Lender & Court Services Ltd.
It seems all too easy to miss a mortgage payment and fall in to arrears for the first time and not really feel like the lender is being very aggressive just a very polite letter comes through the letter box saying something along the lines of …”you seemed to have missed a payment…we are sure that this is an oversight” etc.
At the same time you may have other unsecured lenders calling you and being very aggressive threatening legal action due to a missed credit card payment etc. The reason why they behave in this way is that they have more to lose, they know that legally you can pay them £1 a month and they can’t touch you…
The mortgage lender also knows that they their debt is safe, because if you don’t pay your mortgage or secured loan they will ultimately take your home. This is why they should be more understanding.
Of course we would encourage all those who have recently fallen into mortgage arrears or have low arrears – Under £2,000 to speak with their lender but our experience in negotiating with lenders on Mortgage Accounts where there are historic arrears is that lenders have never been more unhelpful – Especially the previously styled “subprime lenders”.
The subprime lenders in particular clearly have their own agenda and I firmly believe that some quite deliberately make it difficult for their customers to communicate with them. They have no interest in customer services and they are in effect in “run-down” they do not want to keep customers -they want to close the book down.
There is no incentive whatsoever for them to help or support you through your difficult time whatsoever, in fact many are no longer regulated by the Financial Services Authority (FSA) and cannot offer new products or re-structure your loan. They are simply operated as large scale debt collection agencies.
We would also warn against accepting an appointment from a “Debt Counsellor” sent by the lender for mortgage arrears help – in most cases this is an expensive waste of time, it is simply a box ticking exercise that makes the lender look like they are trying to help but invariably the so called “report” will go back to the lender and any recommendations made by the counsellor will be rejected. In some case we have seen the information that has been collected on these visits used against the home owner in court.
Essentially Lender & Court Services have spent the last 3 years helping people with Mortgage Arrears and whilst we have seen some lender forbearance and flexibility there have been some very bad examples of lender behaviour and this continues to occur. We would encourage people to get advice from ourselves or one of the other consumer support organisations such as the Citizens Advice Bureau or Shelter. Lender & Court Services’s service is different from these volunteer based organisations as we offer a professional service as a company of certified paralegals, we have assembled an expert team nationwide of Solicitors, Barristers, Legal Executives and Paralegals with either BVC, LPC Qualification We do not use trainees or in-experienced personnel, and select carefully to maintain our name and our reputation. We will ensure that you are properly represented and at all stages of your case and will deliver our service when you need it, there is no waiting list or appointments system.
Being sent a court date means that your mortgage lender wants to apply to the court for a Repossession Order at a court hearing. The outcome of this court hearing is dependant on the individual circumstances of your case. However, if you have fallen on hard times, and now you are getting back on your feet as long your case is presented clearly and you can prove that you have an income and can afford your normal mortgage plus a small amount towards the arrears, it is likely a suspended possession order will be granted with a first hearing.
It is never too late for Lender & Court Services Ltd to help with your home being repossessed , but you need to call Lender & Court Services Ltd straight away. The longer we have then the more chance there is of saving your home.
Mortgage and Secured Loan Lenders see repossession as a last resort and there are many ways that you can avoid repossession. regardless at what stage of the repossession process you are at, Lender & Court Services Ltd can help.
Mortgage and Secured Loan Lenders see repossession as a last resort and there are many ways that you can avoid repossession. regardless at what stage of the repossession process you are at, Lender & Court Services Ltd can help.We have stopped repossessions where it has been literally the day before the repossession is due to take place. The more notice that Lender & Court Services Ltd get then the longer we have to draft your case, brief our specialist law firm, organise an emergency hearing and book your representative for court to get the repossession stopped.
Lender & Court Services Ltd can stop a Repossession up to the day of the eviction taking place, depending on your circumstances however you must talk to Lender & Court Services Ltd as soon as possible.
A Suspended Possession Order is when the court rules that you have agreed to a payment schedule with your mortgage lender in court. This means you will pay your usual mortgage payment plus a small amount each month towards your mortgage arrears. If you break this court order then your lender can re-apply to court to continue with the repossession process, and it is likely that the Judge will not be as understanding and may rule in favour of the lender, depending on the circumstances.
If you fail to make the monthly repayments on your mortgage you will go into arrears. If you do nothing about this your Mortgage Arrears will eventually lead to your mortgage lender applying for Repossession Order from a court, so that they can serve an Eviction Notice. If you have mortgage arrears then it is essential that you deal with them straight away and make this your priority.
We provide a specialist service that tackles the issue directly. We will take a full and detailed account of your circumstances and provide guidance during this stressful time. We have a team of experienced advisors who will explain the process that we will go through in presenting a case to your Mortgage Lender. Our service should stop all further legal action and give you the peace of mind that you can keep your home and pay any arrears off at an affordable rate.
Firstly, in this financial market if you have mortgage arrears it will be very difficult for you to get a new loan. You could try, but an expensive loan on a high interest rate tends to worsen the problem, by adding more pressure and may increase the chance of your home being repossessed.
Lender & Court Services Ltd have quickly become a recognised brand in dealing with people with mortgage arrears or facing repossession. We deal with Lenders every day in presenting our clients cases and establishing agreements to pay arrears over time, with a manageable and affordable payment arrangement.
It is always much easier to reach agreement with a Lender prior to any legal action and arrangements can be put in place more quickly.