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After Repossession

This section looks at your housing options after your lender has repossessed your home. It also explains what happens when your lender sells your home and what you can do if you are left with an outstanding debt after the sale.

Selling the property

Once your lender has repossessed your home and you have moved out, your lender will sell your property in order to recover the money that is owed to them. You will still have responsibilities for the home until it is sold. Selling your home after its been repossessed

Paying off mortgage debt

If the money from the sale of your home isn't enough to cover your debts, you will still owe the outstanding amount to your lender or mortgage indemnity insurer. They may decide to go to court and try and get the money back from you. This has to be done within a certain amount of time, and it may be possible to negotiate a way to pay off the debt.  Negotiating repossession debts

Finding a new home

If you sell your home voluntarily to avoid repossession, or your home is repossessed and you have to move out, you will need to find alternative accommodation. If you lost your home because of mortgage arrears or other debt problems, it may be more difficult to find a place to rent or buy. Finding housing after your home has been repossessed


The Home Owner and Debtor Protection (Scotland) Act 2010 came into force 30 September 2010, causing major changes to mortgage repossession law. Get advice on the law and how it might affect you.