Mortgage Repossessions are claims against businesses and individuals which involve the sale of mortgaged property by a lender who has secured money lent to the business or individual against that property. These claims are commonly conducted by the lender (also known as a mortgagee) in order to recover monies owed when instalment payments towards the mortgage have stopped.
Whilst most individuals will be familiar with the concept of a mortgage being a charge against their home taken by a lender who has lent them money towards their property purchase, actions by commercial lenders are often common where money is lent to a business by way of a commercial overdraft.
Please click here for The Specifics of Mortgage Repossessions.
At Benchmark Solicitors London, our team has experience of all of these cases and can offer advice as to the way ahead.