Court hearing 23/2/05 - What happens after repossession : LUSENET : Repossession : One Thread

I have two properties; my home, and an investment flat which has tenants. I remortgaged both properties to raise enough money to purchase a business, believing the business profits would adequately cover the repayment on my home and the shortfall between rent receiving/mortgage on the investment flat. This has not happened, and I am in arrears with the I-Group on my home and the mortgage business on my flat. I have a buyer for the flat which will cover their arrears, and will pay off the three months mortgage on my home. However, I know that I am not going to make profits from this business for at least another six months and I will therefore run into arrears again on my home, which will no doubt lead to another repossession hearing. If I sell my home, then I would have no chance of obtaining another mortgage as I am not currently earning anything!

I am seriously considering letting them repossess my home, but what would happen afterwards? I have a 3 year old and a 19 year old at home. Would we be eligible for council housing?

-- Tina Ryan (, February 09, 2005


Each council will have their own way of deaing with homelessness although I understand that they are bound by certain legislation on how they deal with this matter especially where young children are concerned.

If you have had any communication from your lender saying that you are going to be reposessed you should immediately contact your local council housing office and request rehousing. You could also check with your local CAB office who will be fmailiar with the workings of the local housing department and how they prioritise etc.

Initially you may be put in to temporary housing and this might be a hostel but I think there is a new law that states that where young children are involved they must be given permanent housing within a month or so...CAB will keep you right.

CAB will also advise what housing benefit etc you will qualify for and will advise you regarding applying for emergency Benefit payments /community care grants to facilitate you having to move house

Best to get all the info you need sooner rather than later.

Good luck!


-- Moira (, February 09, 2005.

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