Avoiding Mortgage Repossession (Updated)
Course Overview
An overview of the options for dealing with mortgage arrears from addressing early difficulties to suspending warrants for possession.
The course will provide delegates with the tools and knowledge to:
- Identify the type of mortgage and the appropriate regulatory framework
- Assist clients with common complaints such as mis-selling of insurance, arrears charges and endowment shortfalls
- Identify whether the client would be eligible for assistance from an appropriate government scheme, such as Mortgage Rescue or Support for Mortgage Interest
- Identify remedies available for second mortgages regulated by the Consumer Credit Act, including Time Orders, unfair relationships and enforceability issues
- Understand the court's powers to suspend possession in relation to different types of mortgages
- Comply with procedural requirements for defending mortgage possession and identify and address lender non-compliance
- Assist the client to make an application to suspend a warrant for possession where appropriate, or identify other options where it is not.
Tutor: Alexa Walker, Level: Specialist
