"Starting to feel there's a light at the end of the tunnel, thank you"
Mr G., Oakwood, Derby
A Possession Order is a document issued by the courts to grant permission for the mortgage lender to take possession of the property, as a result of a breach of the mortgage contract, usually the build-up of mortgage arrears.
Here we take a closer look at the Possession Order and why it's extremely important to take the matter seriously and act swiftly to resolve the situation. We also take a look at how Shire Direct may be in a position to help you.
Table of Contents:
So, as we outlined above, a Possession Order is a legal document that is issued by the courts in order to grant permission to Mortgage Lenders to take possession of a property.
Possession Orders are issued as a result of a breach of the mortgage contract, usually for the build-up of mortgage arrears.
Possession proceedings are usually entered into by the lender as a measure of last resort, after all other avenues that they can employ, have failed.
Before we go any further...
If you are faced with possession proceedings, you must take the matter seriously.You must also act quickly.The problem will not go away, the position will only worsen if it is left.
It's vital that if you have received a Possession Order that you understand the potential consequences, and that the only way to resolve the matter is by taking urgent action.
If you have received a Possession Order you should contact Shire Direct as a matter of urgency.
The Possession Order starts a series of legal processes, however if correct action is planned it is possible to stop a possession order.
At Shire Direct, we do understand and appreciate that this situation can be extremely frightening. However, you should not panic, but neither should you stick your head in the sand!
We'll help you to confront the problem, and solve it.
Usually, yes!
However, because of the serious consequences of losing your home, we must all act quickly! It really is vital that you call one of our mortgage specialists urgently.
We'll carefully review your situation and advise you as to the options open to you. We'll give you our advice and make an appropriate recommendation commensurate with your circumstances. It's very important to underline the timeframe that is likely to influence the lender's possession actions.
Shire Direct Mortgages are specialist brokers, and one of our functions is to arrange credit repair solutions! We have developed a range of specialist mortgage lenders who will consider applications from customers whose mortgages are under the threat of repossession.
We are geared to act quickly in your best interests. We'll contact your lender as well as the courts on your behalf. Naturally, we'll keep you advised as to the progress we're making, and work together with you to ensure the best outcome!
Yes, in most cases, if we're instructed early enough, we can help!
However, if you are faced with a Possession Order, please bear in mind that:
You'll find our approach to be friendly and sympathetic. One of our specialist mortgage advisors will deal with your case quickly, and provide you with a speedy in-principle decision. Naturally, we'll assess your needs, circumstances and requirements as a matter of urgency, and will work together to arrive at a successful conclusion.
We're confident that you'll find our service to be comprehensive and effective, and we'll provide our personal and best attention at all times.
Here at Shire Direct, we understand how worrying this type of problem can be, and we have the knowledge and expertise to help you get back on track!
So, please don't hesitate to contact us if you think our help and advice could be useful.
Our professionally qualified mortgage experts are available up to 10.00pm everyday on Freephone 08000 282 281, or alternatively you can also enquire online, and we'll be delighted to assist in any way we can.
Well, that wraps up our look at the Possession Order, we hope you found it useful and managed to successfully explain the importance of taking swift action if the situation is to be resolved. Don't forget we're only ever a free telephone call or couple of mouse clicks away and assure you of a warm welcome!
The overall cost for comparison is 9.8% APR.
The actual rate available will depend upon your circumstances. Ask for a personalised illustration. APR variable and based on a usual case. Most customers are likely to receive a lower rate or the same rate as our overall cost for comparison rate - learn more about APR.
There are no upfront broker fees.
However, a fee may be charged on successful completion. An indication is that on conforming cases (straightforward applications with no or minimal adverse credit) a fee may be charged of up to 1% of the amount advanced, typically £795 and will depend on your circumstances.
For non-conforming cases (where case research and processing may be more complex due to adverse credit or unusual circumstances), a fee may be charged of up to 3% of the amount advanced, typically £1,995.
THINK CAREFULLY BEFORE
SECURING OTHER DEBTS AGAINST YOUR HOME.
YOUR HOME MAY BE REPOSSESSED
IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
Adding existing debt to your mortgage will increase the repayment term and overall cost.
Are you worried and becoming stressed because you are having problems getting a mortgage or remortgage? Worry and stress no more! Here at Shire Direct we provide tailor made mortgage solutions to suit you, and can usually help with all kinds of circumstances including...
Remember, we're here to help, and would love to hear from you!
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Shire Direct and Shire Direct Mortgages are trading styles of Shire Processing Centre Limited which is
Authorised and regulated by the Financial Services Authority in respect of regulated mortgage products and general insurances.
Registered No: 302389. Commercial funding and Secured Loans are not regulated by the FSA.
Licensed Credit Brokers. Consumer Credit Licence Number: 349999.
Shire Processing Centre Limited is registered under the provisions of the Data Protection Act by the Information Commissioners Office: Registration No: Z6795249. Registered in England & Wales. Company number: 2732202. Telephone calls may be recorded for training, monitoring and security purposes. All applicants must be aged 18-years or over.
