What is a Repossession Order?
Put simply, a repossession order is the first point of call in the repossession of property process. If you miss a mortgage payment, most lenders in the UK will give you the opportunity to provide reasoning. Mistakes happen and, if this is the case, banks are more often than not happy to listen.
However, if you repeatedly miss payments and become in arrears for 90-180 days, mortgage law dictates the lender is within their right to enact repossession of property. For this to start, the lender must get a judge to grant and then issue to you a repossession order from court.
