Leaseholders Handbook
Repossession
If you fall behind in your mortgage payments you could risk losing your home and become homeless.
If you fall behind with your service charges or breach the terms of the lease the Council can take legal action and this could result in the Council seeking forfeiture of the lease unless you remedy the breach.
As soon as you get into difficulty with your payments, it is essential that you seek help. The earlier you ask for help, the greater chance of resolving the matter and coming to an arrangement with your mortgage company.
The Housing Advice Service can offer help if you experience financial difficulties or you have a specific housing problem, for example, if your mortgage lender is threatening to repossess your home.
Please refer to the useful contacts section at the end of this handbook for details of the Housing Advice section and other agencies, which may be able to assist you.