House Repossession Advice

Only seek legal advice from a professional. Although we are able to point you in the right direction, we would suggest that you do your research first in order to make the best decision for you.

You can get free advice from these services:


What Happens After a House Repossession?

After your home as been repossessed, it doesn’t necessarily mean you’re out of the woods. If the repossession goes through, your lender will look to sell the property and recoup their loses on the mortgage, they will try and sell the property which they typically do by auction.

In doing so they will incur legal fees, auction fees & lose money over the duration of the sale, all of which you will be liable to cover. This can sometimes be covered by the equity you have in the property or if property prices have increased and they get a good price for it, but ultimately you need to repay what you owe the lender.

Act quickly with our sell house fast service

We’re property buying experts. We help people in a variety of situations to get a fair cash sum for their property. Even if you are facing repossession, as long as you have equity in your property, then we could be an option for you. We’ll enable you to re-pay your mortgage arrears and whatever money is left can help you to start afresh elsewhere.

How much will Gauci & Magri offer for your home?

We are as transparent as we can be from the start, we’re clear in the fact that we are unable to offer you full market value. We offer a fast buying service that means we can purchase your property in as little as 7 days, with no estate agent fees, no mortgage involved, and no council tax or utility bills over the months you would typically be waiting to sell.

As a rule of thumb, we typically offer around 80% of the market value of your home, but this depends as sometimes it can be more or less, it depends upon the condition of your property and its location.


Why choose us?

  • We can offer you a fair cash sum
  • Complete in a timescale to suit you
  • All legal fees are included in the service so there are no hidden costs
  • You’ll rescue some equity from your property that won’t be taken by your lender
  • We can help you move house
  • Our team of experts offer advice and support throughout the process

Can you trust Gauci & Magri?

We understand that selling your home is a big deal, and you need to ensure that whoever you are selling it to is trustworthy. You may feel at ease to know that we are part of The Property Ombudsman (TPO) which ensures that we operate to the highest standards and all homeowners are treated fairly. We are dedicated to providing a quality and professional service throughout our whole process, but you don’t have to just take our word for it.

Will I Be Able To Get a Mortgage After a Repossession?

If you don’t get repossessed and manage to sell your property before having this mark on your credit file, then yes, of course, it will be easier to get a mortgage than if you go through the repossession process. It isn’t impossible to get a mortgage if you have had a previous repossession, it’s just much harder.

It’s important to understand before you apply for a mortgage how they will assess you after a repossession, some mortgage companies will be easier to get accepted for than others with stricter criteria. There are also a few factors that will affect how easy it is to get a mortgage after a repossession including:

  • How long since the repossession: The longer it has been the more likely you are to get a mortgage.
  • The amount of deposit you have: Lenders may expect you to have a much larger and significant deposit to put down if you’ve had a previous repossession.
  • The amount of your repossession debt: If you were repossessed owing millions of pounds then you are obviously going to be a higher risk for a lender than someone who was repossessed based on just a few thousand.
  • Your current credit status: A repossession is likely to hit your credit file pretty hard, you need to work on building it back up. If you’ve had issues with a CCJ or IVA, then this might also make things a lot harder.



  1. What happens to my mortgage debt after repossession? Speak to your lender if you have any specific queries regarding your arrears. Each lender is different so they will be able to talk to you about your individual case. If you sell your house via a quick cash buyer then part of the lump sum you’ll receive will pay off your debt and the rest is yours to keep.
  2. Does my house being repossessed impact my credit rating? Yes, because you have defaulted on payments. You will have to work towards boosting your credit rating if you want to get a mortgage or loan again in the future.
  3. How long does a house repossession take? Around 28 days, but the judge could stretch this to 56 days depending on your circumstances. The court order will let you know the exact date you are expected to leave the property, as decided by the judge. A possession order will be granted if the judge decides that your home should be repossessed.