Mortgage Express - Repossession

[De4n]

Hi
The Mortgage Express is repossessing my Buy to let property. I purchased the house 10 years ago and the term was up on 31st Dec 2016. I am still paying my monthly mortgage payments to this day. I began a remortgage in Oct 2016 but it was delayed as my mortgage broker had family problems around the Nov. The Mortgage Express was contacted and informed and they gave me until May 2017 to arrange a mortgage. I ended up going with another mortgage broker and I've had another survey and more broker fees I'm now waiting for the offer to come through.
I contacted the solictors acting on behalf of the MX and explained were I was upto to with my mortgage application to see if if they could delay the court date which is on Tues 6th June, they asked me to get my mortgage broker to send over proof of my application and surveyors report which they did on Tues 30th May. I then received a covering letter along with a legal pack Yesterday confirming the court date 6th June.

I've never stepped through a court door before so this is all new to me.

Can anybody give me advise on any other options I might have to adjourn my court date or stop repossession at this late stage.

Many Thanks

[seduraed]

Re: Mortgage Express - Repossession

Ask the mortgagee for a adjournment to allow for the new mortgage to come through. If you arequire paying why do they want to repossess the property. Ask the judge cat the court for a suspended repossession order this might give you enough time . All your documents need to be in order. With copies to the mortgagee and the court. More knowledgeable beagless will be along shortly. Remember every one on this site is a volunteer and we have lives to lead.

[Crazy council]

Re: Mortgage Express - Repossession

hi as @sedurated says

You have to apply to ither adjurn ( best ) or suspended possession. ( argue on argurnment for costs grounds ).

Show ( withthe paperwork ) that you have applied and are in the process of refinancing, and that its taken so long due to you changing brokers.

Does the property turn an income ( rented out ).
Whats your income from the property per month
How much is your morgagee on the proeprty pm
how much have you paid in the past six months.
What are the arrears
what is the situation that has lead to the arrears
how are you solving that

Answers to some of the above will help with the wording of the application

Then, ask the company to agree to adjurn ( asap ), by email.

Bset advice i can suggest when going to court in these type of curcumstances, is go with a plan that sorts the problem in as short amount fo time ( but be rtealistic ),

- - - Updated - - -

hi as @sedurated says

You have to apply to ither adjurn ( best ) or suspended possession. ( argue on argurnment for costs grounds ).

Show ( withthe paperwork ) that you have applied and are in the process of refinancing, and that its taken so long due to you changing brokers.

Does the property turn an income ( rented out ).
Whats your income from the property per month
How much is your morgagee on the proeprty pm
how much have you paid in the past six months.
What are the arrears
what is the situation that has lead to the arrears
how are you solving that

Answers to some of the above will help with the wording of the application

Then, ask the company to agree to adjurn ( asap ), by email.

Bset advice i can suggest when going to court in these type of curcumstances, is go with a plan that sorts the problem in as short amount fo time ( but be rtealistic ),

[Diana M]

Re: Mortgage Express - Repossession

The Mortgage Express is repossessing my Buy to let property. I purchased the house 10 years ago and the term was up on 31st Dec 2016. I am still paying my monthly mortgage payments to this day.

If this is an unregulated Buy to Let mortgage why is the Mortgage Express (UKAR) seeking repossession through the courts when they can (and regularly do) appoint an LPA Receiver to seize the property and sell it without any court intervention?

Who is currently living in the property?

If it's you and/or your family living there (not tenants) then are they seeking repossession on the grounds of breach of contract of the BLT loan (no owner occupier) or is there some other reason apart from the fact the loan term has expired?

Di