Using a repossession lawyer

Anyone experiencing difficulty with their mortgage repayments can’t simply have their home taken away from them by their mortgage lender. There are rules that your mortgage lender must follow before they take action to repossess your home. These rules are called the ‘pre-action protocols’. In essence, your mortgage lender must do all they can to resolve your problems. If they do not, you could take them to court. If you decide on this course of action, the services of a repossession lawyer will be invaluable.

One area of property law that you should be aware of is the rise of the so-called sale and rent schemes. Here, you sell your home to a third party that then rent your house back to you. Under these schemes you could be able to pay off your mortgage and possibly any arrears you have.

However, you should approach these schemes with caution. A repossession lawyer can assess any scheme you are thinking of using, and advise if this will indeed help you pay off your mortgage. Never use a sale or rent scheme without taking qualified advice from a repossession lawyer, as you could lose your home as a result.

A repossession lawyer is a great service to have available if you feel your mortgage lender has not treated your fairly. You have the right to take any complaint you want to make to the Financial Services Ombudsman (FSO). You can called the FSO on0800 157 7566. Note that this call will be free if you usually pay a monthly charge for calls starting with 01 or 02.

Before you take any action about your mortgage always consult with a repossession lawyer. They have the knowledge and experience to look at your particular case and present you with a number of options that could resolve your repossession issues. And if you do decide to make a complaint about how your mortgage lender has treated you, a repossession lawyer can represent you.

If you would like to obtain legal advice about property laws and legislation, Contact Law can put you in touch with a local specialist property / repossession lawyer free of charge. So, if you have any questions or would like our help in finding local property / repossession lawyers please call us on 0800 157 7566 or complete the web-form above.