Avoiding repossession in Scotland and trying to keep your home can feel like a tall order.
Avoiding repossession in Scotland means acting quickly. If you're facing repossession in Scotland your lender will have started legal action in one of three ways.
Serving a calling up notice - gives you a maximum of two months to pay off the entire outstanding balance
Serving a notice of default - gives you a month to pay-off arrears.
Applying for a Section 24 notice - you will receive an initial writ and confirmation your lender is making an application to the court to force repossession of your home.
A key difference between the calling up notice and the notice of default is that a calling up notice asks the borrower to repay the whole loan rather than just make good the arrears.
In all cases, avoiding repossession in Scotland, means applying to the court for a section 2 order to have the action suspended unless you arrive at an alternative solution.
Avoiding repossession in Scotland and keeping your home...
However, the further into the process you get, the more your range of options narrow and the harder it is to avoid repossession. The longer you leave it the more likely you are to need specialist help - which can take a number of forms.