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As with a residential mortgage, the commercial mortgage lenders will hold the title deeds to the property as security and in the event of arrears the mortgage lender will take steps to repossess the commercial property.
We recognise that one of the key concerns with starting a dispute case is the likely cost to see justice upheld. As each case is different it is not possible to provide a standard cost estimate to bring or defend a claim. To help get over this understandable concern for clients we have developed a new service to provide greater transparency and control as the situation progresses.
Using our extensive experience of this type of work, at the outset we can breakdown the claim or defence into the key stages that are likely to occur and provide a fixed cost for planned representation on your behalf for each stage.
If you are facing mortgage repossession, our expert Civil Disputes and Litigation team will be able to advise you on the best course of action to resolve the situation and avoid the worst case scenario. To help you get a full understanding of your options, please contact one of our experienced lawyers for afree initial no obligation discussion, to ensure you get the best outcome, at the right cost. We have seen that better outcomes are achieved when one of our experienced solicitors are brought in at an early stage, before costly mistakes are made, so get in contact today for a no obligation discussion.