Unity Homeloans to Kensington mortgages - Suspended Possession - HELP

[yekrats]

as the court made a suspended repossession order on condition of payments and you defaulted they can have the order enforced Try the sympathy approach outlining proposals and explain what problem was

[Laywoman]

Different lenders do different things - talk to yours and see what their view is.

 

If they go for eviction you will get advance notice from the bailiffs. You can then apply to the court to suspend the eviction.

 

As the arrears have reduced since the original order was made, that is a positive for you in terms of how a judge will view things. You will though need to come to some sort of new arrangement - as before with the monthly instalment plus something off the arrears. The arrears amount can depend on how long the mortgage has to run.

 

In the meantime, if you are signing on, after 13 weeks, the DWP pay your mortgage. They pay for a capital value of up to £200k and it is paid at 6.08% regardless of your mortgage rate and so it many start paying off some of the arrears too.

[chillinlong]

Not sure if it is much help now, but some lenders after 6 months regular payments allow you to add the arrears onto the mortgage balance and then pay normal mortgage payments as a fresh start. It is a little too late now, but if you can convince them that 6 months regular payments will start again, then maybe you can go down this road. The key is if they do allow then you can apply to have the suspended order removed.

[jaxads]

Hi Hedgehog -- do you have any updates - what is happening ??

[hedgehog0045]

Having lost my job last October we are now in a position of having the mortgage lender closing on an already suspended mortgage posession.

 

I realistically would struggle to pay the mortgage and arrears payment and as a result we are in a dire position.

 

There are 2 options as far as I can see -:

 

1) Pay £1375 by 17th of August to bring arrangement up to date or

2) Housing association has advised us to apply for Mortgage Rescue Scheme.

 

It would be virtually impossible to raise the money to bring the arrangement up to date and we are therefore resigned to either the MRS or leave the home on the morning of the 18th (eviction for 11.30 am).

 

Question is , should we go for the Mortgage Rescue Scheme or is there any other alternative?

 

Thanks:(

[hedgehog0045]

Just received the confirmation of eviction date set for 11.30 on the 18th August.

 

Any advice or help on this one please....

[Ell-enn]

If you would struggle to pay the mortgage and arrears going forward then it would be silly to try and defend repossession with a payment proposal as you would soon find yourself in the same position.

 

However, if you apply for the MRS you can hold off eviction based on that - you will need to move quickly though, so you have evidence to take to court to ask for the eviction to be stopped while the deal goes through.

[hedgehog0045]

THanks Ell-enn. The local housing association isgiving me a form tomorrow to fill in. Gave them all our details yesterday and as they already have a large portfolio of houses around here they seemed quite happy to go ahead. Obviously my concern is stopping the eviction in the meantime and I hope the housing association can give me some pointers on that one tomorrow.

 

If all else fails then we will just have to put our stuff in storage and move in with my dada while we look for somewere to rent

[Ell-enn]

Hi, you will be able to get the eviction stopped while the MRS goes through. You need to ask the housing assoc for as much documentary proof as possible that you are on the scheme. Also, they will write a letter for you to put in with your defence. Let me know how you get on with the HA this week and then I can help you with your N244 application to the court to stop the eviction.