If you have been served a notice that your mortgage lender intends to repossess your home then there are some things that you should take care of. Many people wait until the court appearance before they deal with anything but this is not a good idea. This can put you under even more stress should the verdict not go in your favour.
The first thing you should do is seek advice. Make sure you know your rights and are accessing any benefits that you are entitled to. If you are entitled to housing benefit and are not receiving it, then claiming it could work in your favour. Speak to the Citizens Advice Bureau (CAB) to see if you are entitled to any support that you aren’t aware of. For example, ex-service personnel can receive help from their former Regiment or from The Royal British Legion.
Make sure you find somewhere else to live. There is no sense in burying your head in the sand and hoping the decision will work in your favour. You need to be realistic and you need to be prepared. Once the repossession order is granted then you are almost always required to vacate the property immediately.
Have a clear out and get rid of anything you don’t want to take with you. You don’t need it now and you certainly don’t want it to follow you if you have to move. There are lots of charities who always require donations. Some are even willing to collect donations so contact your chosen charity and arrange a collection date. And don’t underestimate how therapeutic and stress relieving it can be.
Pack a bag of essentials for each family member. School uniforms and work clothes are essential, as are any medication taken by your family. Toiletries, favourite toys or teddy bears, coats and shoes should all be packed up. Write a list of essential things and get it organised. If the place you have found to move into isn’t ready, make sure you plan an overnight stay in a hotel or with family or friends.
Ask a family member or friend to look after your children or pets while you are in court. If the court decides to allow the repossession to go ahead, you will know your children are safe while you are dealing with everything else. To find out what to expect if your home is repossessed, click here.