Alister,(posted 7693 days ago)There are 2 issues here:
The first is that no you cant clear the arrears and expect Platform to give you the house back, once repossession has taken place Platform will not give the house back on paying the arrears. If you had been able to clear the arrears prior to repossession then the answer would be yes.
However Platform as a sub prime lender are not all that bad and I would suggest you having nothing to loose by asking them.
The best solution is to quickly find a lender that will allow you an advance to re-purchase the property. In this event you will be able to purchase the property back for the redemption cost only and not the market value. Get a redemption statement from Platform detailing what it would cost to redeem then approach another sub prime lender for advice or a broker.
I would suggest trying either Mortgages plc or kensington, possibly even GMAC. Do not under any circumstances take a mortgage with the I-Group.
If you get no joy yourself try the packaging centre in Glasgow, now called OPUS. According to Mortgage Strategy they had packaged £500 Million in mortgages during 2002/03 adn have excellent service and products that provide for cash back to borrowers.
Good Luck.