House repossession can be stopped with an IVA (Individual Voluntary Arrangement). Usually those in debt, start finding it difficult to keep up their mortgage repayments and fall into arrears.

Jan 2007 statistics from Council of Mortgage Lenders showed that repossession figures were more than 17,000 nearly 300% higher than 2004. There are many ways in which house repossession can be delayed or even stopped. You can be given enough time to sort out alternative arrangements:

1. The issue of a Suspended Possession Order by a judge in Court, thereby allowing the mortgage arrears to be paid off, in a controlled way, over a period of time.
2. An Insolvency Practitioner obtaining an Interim Order. When the Interim Order is in force, the Individual Voluntary Arrangement (IVA) process can continue towards the creditors meeting without the overhanging threat of a creditor. This can be obtained from the local council.
3. Mortgage arrears can, in certain circumstances, be included as a debt in your IVA.
4. A mortgage broker may be able to propose a new mortgage lender, prepared to take the current mortgage arrears and put together a new mortgage proposal which absorbs them into a single new mortgage payment.

Who Can Arrange An IVA?

Debt help should come in the form of free impartial advice. There are 'not for profit' organisations and charities that want to help you find the right debt solution.