Mortgage Possession Order

[amktrmck]

My house is being sold, infact I signed the contract today just waiting for my ex-husband to sign and we can exchange. I have to vacate the premises by the end of May 2011. The sale of the house was brought about by a divorce. However during that time I was made redundant and have not been able to pay the mortgage, as a result the bank has decided to seek a repossession order. I have kept the bank informed of the situation and that the house was on the market and that an offer had been made, then eventually that we had agreed a sale and it would only be a short time before we exchanged contracts. Despite all this I have received letters informing me of the respossession and that they will continue to pursue the possession until the property is sold. I would like to know if I can stop this going to court and adding extra costs for me. When I spoke to the solicitors dealing with the sale they said they could only stop if they got a letter from my conveyancing solicitors, but that will cost me £100 plus VAT, which I don't have. I am worried what can I do?

[redcrx]

beg and borrow £100 from someone, maybe your ex even.

[Buenchico]

Make sure you attend the court hearing. If you scroll down to "Do I have another defence?", here, you'll see that the court can give you more time:
http://england.shelte...urt/possible_defences

Chris

[amktrmck]

Thank you

[Eve]

Is that what your conveyancing solicitors have quoted you for sending an appropriate letter? Seems expensive for one letter even on a charge out rate basis! Is it for just one initial letter (bear in mind the lenders may then want to be kept updated and informed as to progress by them) any information needed from the lenders throughout?

It doesn't surprise me some firms would but there are many others that wouldn't and do it as part of the service or add on an appropriate amount to the final bill at the completion of the matter as the bill is usually deducted from the sales proceeds (will there be enough?).

You could try explaining the issue to the lender and asking if other information would suffice such as confirmation from Estate Agents or a general letter of the current position from your solicitors to you by way of update say.

It is common to demand it from the lawyers themselves though as to progress. I'd definitely query the fee or time of payment with your lawyers!