Suspended possession order 

If an agreement is made where by you and your bank/building society have agreed for you to repay the arrears, there is still no guarantee for the lender that you will make these payments. This is why a suspended possession order is placed on the property.

A suspended possession order is basically an insurance policy for the bank/building society, because if you don’t keep up the payments, they will not need to take you back to court. The bank/building society will be able to obtain an eviction notice straight away and there would only be a few ways to stop this.

1. Pay off all the arrears.

2. Have an exchange of contract between you and a purchaser on the sale of your property.

How we can help

At Quick Purchase we are able to make an immediate decision to purchase your property and legally exchange contracts with you enabling you to go back to court showing you are able to settle the outstanding debt. 

So if you want a fast property sale, to stop you repossession, Quick Purchase can help

Also See:

Eviction Notice
Fast Property Sale
Repossession Process

Contact us or apply online and see how we can help prevent your suspended possession order turning into an eviction notice