The online resource for UK Property Law

Time to sell

What are the court’s powers when a borrower needs more time to sell the house to pay off the whole of the mortgage debt? Does the borrower need to have contracts in place before the court will adjourn or stay to allow the sale to be completed? In this article Gary Webber suggests not. The scenario Every working day up and down the country district judges hear mortgage possession claims. Sometimes the borrower needs more time to sort out his…

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