If your home is in danger of being repossessed there is a lot to deal with. The whole thing can be overwhelming, but try not to panic. Before the final decision is made you will usually be given four weeks notice of the court hearing. Use this time wisely. Even if you and your solicitor are confident that you will not lose your home, it is still a possibility. The following information is an idea of what you should expect should your home be repossessed.
As soon as the decision has been made, the mortgage lender will send a locksmith to the house. They will change all of the locks so that you no longer have access. They will then put a notice in your window giving anybody with a claim to any property left inside fourteen days to collect it before it is removed. Somebody will also switch off the gas, electricity and water. Make sure you take meter readings from the property so that you are not overcharged if you have to pay a final bill.
Once the locks are changed you will have to make an appointment for somebody to meet you at the house for you to collect any belongings you have left. They may charge you a fee for this. There are certain items, such as light fittings and fitted furniture, that the lender will not allow you to remove after the repossession. Obtain a list beforehand and make sure you know where you stand. There will be a representative sent by the mortgage company present in the house with you. Remember that there will not be any utilities so you will not be able to use the kettle, cook anything or use the toilet.
When your home is repossessed you will have to move out the same day. Only in a small amount of unusual circumstances will you be granted extra time in the house and this will be at the court and mortgage lenders discretion. Not having anywhere else to move to will not be a good enough reason for them to allow you to stay. They will have given you several weeks notice that they intend to take the house, so you will be expected to have found a place to live. Your local council can help with this.
To find out what preparations you should make once you have received the initial notice of intent to repossess, click here.