Unfortunately, borrowers can find themselves in arrears, leaving lenders to make a decision as to whether court proceedings for repossession is necessary.
There are a variety of ways to finance the purchasing of properties, from the usual high street banks we all know to the lesser known alternative lenders and bridging finance specialists. Unfortunately, borrowers do find themselves in arrears, leaving lenders to make a decision as to whether court proceedings for repossession is necessary.
At Hanne & Co, we are able to guide you accordingly. The question as to whether to instigate mortgage repossession proceedings is a difficult one but we know how to help you make your decision. We can run you through your options and correspond with the borrower to see if there is a better way that does not involve going to court and save you legal costs in the process.
Our knowledge of the Financial Conduct Authority’s MCOB rules and the Pre-Action Protocol for Possession Claims based on Mortgage or Home Purchase Plan Arrears in Respect of Residential Property ensures that the correct procedures will always be followed.
Get in touch with us today to discuss your options.