What happens if I have a repossession order?

I have been repossessed in the past:

Whatever your financial history - you will probably be able to find a mortgage deal somewhere in the UK. This is as long as your bankruptcy has now cleared, 'Uncleared Bankrupts' will not be able to get a mortgage.

I am due to be repossessed because I haven't paid on my current mortgage:

If you have been issued with a possession order you will not necessarily lose your home. To repossess your home the court must recognise that there is absolutely no possibility of you repaying the loan, and they will continue to give you opportunities to repay the arrears before issuing the possession order. In the majority of cases the possession order will be suspended or deferred - allowing the customer to repay the arrears gradually over a realistic period of time. If you can't maintain the payments as stipulated by the court then you need to gain further advice.

If it is apparent to the court that you won't be able to pay back the amount overdue within a reasonable period, you will have your home repossessed. The court will advise you of the period within which you must vacate the property, and if you carry on living in the house after this time then you will be evicted.

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