question category: Repossession

paying over the certain % amount - no longer get repossessed?


Hi, just a general query, is it true, that if you pay off a certain amount on a mortgage (%) then if you fall into difficulty they cannot repossess the house? if true, what is the % ? any links? thanks

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Re: paying over the certain % amount - no longer get ...

There are a set of rules that mortgage lenders must follow before taking action, you can read these on Shelter’s website here: https://england.shelter.org.uk/housing_advice/repossession/repossession_... or you can contact Shelter’s national helpline on 0808 800 4444.

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