If you don’t tell the lender about your financial woes and you fail to make repayments they might take the matters to court. You will receive an Initial Writ which requires a respond within 21 days and to speak to a solicitor immediately.
The court makes the final decision on whether your home should be repossessed or not. It is important to prove that the lender’s demand is reasonable or you will lose your home. But before this happens, communicating to your lender and letting him know your financial situation will show your desire to pay them. If you cannot afford a solicitor, CAB, Shelter or the Scottish Legal Aid Board can offer you free debt advice. Their debt advice is crucial to your case.
