Mortgages and Repossession - an Introduction
If you buy your house with the help of a loan then the lender will usually protect their interest by registering a "legal charge" against your house. This means that when the house is sold you will first have to repay the lender.
You will normally sign a document called a "legal charge" or "mortgage deed" which will say that if you do not keep up the repayments on the loan the lender can "repossess" your property. This means they can take over the property and sell it in order to pay back the loan.
Most lenders will first apply to the court for a "Possession Order" to allow them to take over the property if you are in "arrears".
- Private Housing
- Assured Shorthold - Definition
- Assured Shorthold - Possession
- Accelerated Possession Procedure
- Warrants of Execution
- Defending Possession Proceedings
- Tenancies before 15th January 1989
- Housing Benefit Tenants
- Property Disrepair
- Mortgages and Repossession
- Alternatives to a Possession Order
- Property Foreclosure
- Housing Loans (other than mortgages)
- Raising money for mortgage arrears
- Tenants of Mortgaged Homes
- Consenting to a charge on your property under pressure
- Bankruptcy & your home
- Human Rights Act 1998 & your home
- Links & Addresses