Spring Can Stop Your Home Being Repossessed With Our Sell House Fast Service

Step 1: Get in

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If your home is suitable, we will request 2 estate agent valuations, plus our experienced underwriters will conduct an in-depth review of your property, to make you a no-obligation indicative offer, subject to a RICS* survey.

Step 2: Receive your
formal offer

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If the indicative offer works for you, Spring will arrange a detailed RICS* survey, and following a review of the survey results by our underwriters, a guaranteed formal offer will be made to you.

Step 3: Complete on a
date of your choice

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If you accept our formal offer, simply chose a completion date to suit, leaving you free to plan your onward move safe in the knowledge that your sale is guaranteed and won't fall through.

Stop Your Property From Getting Repossessed With Spring

Having your property repossessed can have long-lasting impacts on your financial situation as well as provide difficulty in securing a mortgage further down the line. A quick way to stop a house repossession happening, is by contacting a home buying service such as Spring.

What is a house repossession?

As a homeowner with a mortgage, you are obliged to pay back your lender at the rate agreed upon and failing to repay it will result in your property being repossessed.

Fundamentally, for as long as you are paying your mortgage, the bank or mortgage lenders own your property. It may be in your possession as you are the person living there but they own it outright. As such, failure to pay the mortgage that you owe can result in the ownership changing back to the bank.

What You Need To Know About House Repossessions

Repossessions happen as a result of mortgage payments being missed. For most lenders, a house repossession is only ever considered after three missed payments, however this can vary. In addition to this, there is typically a 15 day grace period from the day the payment is missed to when the lender will contact you.


As we said though, this is not set in stone and can vary from lender to lender. If you are unsure of your terms regarding mortgage arrears, get in touch with your lender to discuss. Regardless, it is important that you do not consider this to be a safety net; mortgage arrears can be a very difficult thing to clear so avoid falling into it as best you can.

As we mentioned above, a repossession takes place when you are unable to pay your mortgage for three months (although this time frame may vary depending on your lender). When you have missed the third payment and the 15 day grace period has passed, your lender will issue you with a repossession order that will come from a court. This then gives you 28 days from the date of issue to find a suitable solution.


The repossession order alone will not be the document that forces you out of your home – instead, that is a possession warrant. Essentially, this results in the possession being transferred to the lender which in turn gives them the right to send in agents to carry out your eviction.


Again, these processes take time as bailiffs must give you a formal notice of eviction (N54) which will provide you with the date of which you are expected to leave the property.


Any mention of the bailiffs can be enough to raise concerns which is why acting responsibly, quickly and respectfully is important from the first minute. Once the warrant of possession has been issued, the agents are entitled to enter the premises and change the locks, securing the property. If you are able to successfully negotiate with them, they may grant you a further grace period in order to move your possessions out, however there will be limits that will be enforced.


If you refuse to comply, this already difficult situation can become even more troublesome as the police can get involved.


Taking all of this into consideration, avoiding repossession and the strenuous process that comes with it should be of paramount importance. Even falling in arrears of one month can make things very difficult to manage.

The simple answer to stop repossession of your home, you have to get back on top of your mortgage payments. This is not always easy, however.


Once you are in arrears, getting back on top of your finances can be difficult and potentially even more daunting than before. But stopping repossession of your home altogether is always an option.


Maybe the most direct step you can take: talk to your lender early. By highlighting any potential difficulties you may encounter, you could be able to renegotiate the terms of your mortgage, if not permanently, then certainly on a temporary basis.


Acquiring a Repossessions Loan is maybe another option that could apply to your situation. These loans are typically given to those with a history of good credit and reliability in settling debts. While this will not entirely stop a repossession of your home from happening, it can offer you some breathing space and the chance to get on top of your personal finances again.


Another option which may seem obvious is to reassess your income and expenses. See how you can immediately improve your financial situation. Much like renegotiating the terms of your mortgage, this may only have to be a temporary solution however that can have a significant impact on your ability to comfortably pay your mortgage again.


While these options may offer you a slight extension or a very brief olive branch, there is no guarantee that it will provide you with the financial means to stop your property from being repossessed. This is where Spring are on hand to help. We are the UK’s leading home buyer with decades of experience in helping people stop repossession and the fast sale of properties.

How can Spring stop your property repossession?

There are a number of reasons as to why choosing Spring could be the right move to help you stop repossession. We have a wealth of experience in the house repossession process and can provide the expertise and insight needed to sell your house in order to not just get back on top of your finances but to completely avoid repossession.

Whether you have recently had a new kitchen fitted or whether the property is in need of some TLC, Spring are on hand to guarantee you a sale, buying your home quickly and easily and in a time frame that suits you. If the option you take is to sell your house to free up your finances, Spring can help you take action and help you every step of the journey.


As a private property buyer, you will not have to worry about negotiating with potential buyers or even spend time renovating ahead of viewings. Instead, Spring can buy your home without any fuss or complications on a timeline that suits your needs and circumstances.

Our main priority is ensuring that you have the breathing space needed during this stressful period; we want our customers to be able to start planning their financial future as soon as possible. This is why our dedicated property advisors offer a hands-on approach to help alleviate as much as stress as possible.


They can also deal with many of the more challenging tasks such as contacting your mortgage lender and letting them know that the property is being sold.

If you are facing repossession, there is a high possibility that you are experiencing some financial difficulty. If this is the case, hidden fees and surprise bills would be the last thing you would want.


At Spring, we are completely transparent about our homebuying fees. We apply a one-off fee for our home buying service, meaning there is nothing hidden and nothing extra to pay, so you know exactly what proceeds you will receive and when.


If you are facing this issue and you do not know how to move forward, contact Spring today and we can help to stop repossession.


Yes, absolutely. We buy any home in any condition, shape and size which will stop your property from being repossessed.

Our extensive funding allows Spring to complete your home sale and proceed with payment in as little as 7 days. You are in control and you pick a completion date to suit your onward move. Our team will keep you updated at every stage of your journey, so you will know what and when the exact amount will be paid. All the documents relating to your sale will be kept in your personal message centre, so you know how it is progressing and have much greater control of your home sale. Your sale is guaranteed and all backed up by our Spring Price Promise, so you can be assured your home is getting the best price it deserves. For more information on how we value a property, visit our How It Works page.


Spring are experts in buying properties with dedicated property advisers who are there with you every step of the way. For more information on how we can help you to stop repossession by buying your home with ease, speed and certainty, call us on 020 8629 7877 or email us at [email protected].

After we receive your details, one of our Property Advisors will call you within 24 hours to confirm details about your home and to explain our process if you choose to proceed. For more about selling your home to Spring view our FAQS.