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Response to repossesion/2nd charge

from David J. Button (davidjohnbutton@supanet.com)
The normal route is to order that the monthly payments be met plus a sum off the arrears each month on top.

Under the Norgan rules, the arrears can be paid off over the rest of the lending term - this normally applies to mortgages rather than lending secured against the property for other purposes but there is no reason why the Norgan rules should not be applied to any possession order request.

Note that should you default on the arrangement - which it is best to get set up with the lender before you go to court hearing (then the judge can just "rubber stamp" it") - then the lender can obtain a warrant of possession whereupon the bailiff will evict you.

Make your offer one that you can afford and that you can show you can meet as for the judge to suspend the warrant, there has to be a reasonable chance that the debtor will be able to pay given time.

(posted 7246 days ago)

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