Mortgage Repossession is a legal process which enables a mortgage lender to take possession of a property due to unpaid debts after a court order has been issued.
How We Can Help You
Our debt recovery solicitors undertake mortgage repossession work for lenders, including banks, building societies, financial institutions as well as third party companies. Our team of highly experienced litigators offer a comprehensive and streamlined service, covering pre-action letters, repossession, sale and shortfall recovery. Our solicitors use a bespoke case management system ensuring that your repossession process is effective and efficient.
We also offer a pre-litigation arrears management service, which consists of agreeing and monitoring the payment arrangement with your borrowers you have been prompted to make payment following the pre-action letter. This service can also be used after the Suspended Possession Order has been granted. With this service, we will monitor payments made for 3 months before returning the file to you, ensuring that any defaults are dealt with promptly.
Our specialist team of skilled debt recovery solicitors offer a comprehensive and streamlined service to lenders from Pre-action Letters through to Repossession, Sale and Shortfall Recovery.
If an eviction is necessary, we deal with all the formalities, including instructing a locksmith, and can also offer the services of our conveyancing solicitors who will deal with the sale for you offering a seamless transaction between repossession and sale.
Finally, in the event of a shortfall, we can provide a comprehensive enforcement service using the vast experience of our Debt Recovery Department who will pursue every available method to achieve the maximum debt recovery for you.