What happens when your house is repossessed in Aberdeen?

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What happens when your house is repossessed in Aberdeen?
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If you’re experiencing repossession in Aberdeen, it can definitely be a stressful and overwhelming experience. Whether it’s due to job loss, a rise in the cost of living, or financial difficulties, many families find themselves struggling to keep up with mortgage or loan repayments. In recent years, many families have found themselves in this unfortunate position resulting in a rise in house repossession. 

In this article, we’ll take a closer look at what happens when your house is repossessed in Aberdeen; we’ll also provide guidance on how to manage the process. Whether you’re in the early stages of repossession or have already received a repossession order, this guide will help you navigate these challenging times. 

Understanding repossession

To get started, let’s go over exactly what home repossession entails. It is a process where a lender takes legal ownership of a property when the borrower fails to keep up with payments on loans or mortgages. Illness, divorce, financial difficulties, and job loss are all reasons why homeowners find themselves in this position. However, repossession is usually the final course of action a lender will take. Prior to this, there are other stages. 

In Aberdeen and Scotland, the legal process of repossession begins with a notice of default. This occurs after missing one or more payments. At this point, the notice will state the amount owed, the consequences of future missed payments, and any steps the borrower/homeowner can take to fix the situation. 

If the homeowner fails to make a suitable arrangement with further payments missed, the lender can apply for a repossession order through the local sheriff’s court.

In Aberdeen, the repossession process will involve a court hearing in front of a sheriff. At this point, the court will determine whether the lender has followed the legal process and whether repossession would be a fair and reasonable course of action. 

If the court rules in favour of the lender, they will be given the legal right to take ownership of the property. The lender will then look to sell the house to recoup any money owed. If there is any money left over, you will receive it. On the other hand, if there is still money owed, you will be liable, and this is called a mortgage shortfall. 

What you need to do

If you find yourself facing the unfortunate predicament of house repossession, there are still some things you need to keep in mind and adhere to. 

Sort mortgage and loan repayments

First and foremost, to prevent the house from being repossessed, the best course of action is to contact the lender and arrange a suitable agreement that will allow you to keep up with payment. Lenders may be able to defer payments, reduce interest rates, or arrange a temporary payment plan. If you are able to get back up to date with payments, you can avoid any further repercussions. 

Property repairs and maintenance

Even though the property may be repossessed, keeping up with repairs and maintenance can help you in the long run, especially in avoiding a mortgage shortfall, as mentioned earlier. By ensuring the property is in good condition, if it is eventually listed for sale, you stand a far better chance of getting a higher offer. If it can match the value owed, it will result in no further payments required. If you find yourself facing financial difficulties and are unable to carry out repairs and maintenance yourself, consider reaching out to local organisations and charities who may be able to help. 


Maintaining home insurance coverage is important during the repossession process for a number of reasons. One is that it will protect you from further financial loss in the case of any property damage or unexpected events. Secondly, lenders and mortgage providers may stipulate that having insurance is necessary, and failure to do so can result in a breach of contract. If you’re struggling to keep up with premiums, consider contacting the insurance company for help with payments or consider shopping around. 

Council Tax

In Aberdeen, council tax is the responsibility of the homeowner until it is sold or repossessed. Although, if the property is unoccupied, you may be eligible for a discount. Again, if you’re struggling with repayments, consider ringing the council to discuss your options. Things like payment plans or other assistance may help you through the process. Additionally, if you receive benefits or are on a low income, you may be eligible for tax reduction or exemption; get in touch with the council to find out your options. 

Selling your home to avoid repossession

If you are facing repossession and are unable to meet any payment terms, it may be time to consider getting ahead by selling your home. Through a house sale, you may be able to recoup the value of the loan or mortgage owed, which will allow you to settle any payments due. 

However, if you choose to sell your home on the open market, you’ll still need to keep up payments while bearing the cost of getting a house sold. This includes solicitor fees, repairs and maintenance, and any estate agent fees. This may result in the total sale value ultimately reducing, and you may still owe money. 

What to do if you have a mortgage shortfall after your home is sold

If you still owe money after your home has sold, it is known as a mortgage shortfall, as mentioned earlier. This is where you’ll still have to cover those costs until the lender is made whole. Additionally, the lender has between 5 and 20 years to request this payment. There are a few types of payment options available in the event of a mortgage shortfall.


You may be able to agree to an instalment plan with your lender. This will require you to pay a fixed amount over a period of time until the balance is cleared. 

Lump Sum Payments

If you have the funds available, you can pay a lump sum towards the balance owed. It doesn’t have to be the full amount, as sometimes the offer of a lump sum may be enough for the lender to agree to clear any arrears. This is also known as a ‘full and final settlement.’


The third option is Bankruptcy which is also known as sequestration. This is often seen as a last resort as it will have lasting repercussions. Not only will any other assets you currently own have to be sold, but it will affect your credit file resulting in making it difficult to get loans in the future. 

Bottom Line

Facing house repossession in Aberdeen can be a stressful experience. However, by understanding the repossession process, you can take steps to manage it effectively. Ensure you are aware of your options and have a plan in place to get through the process.

If you do find yourself needing to sell a house, keep in mind that selling on the open market can be a lengthy and expensive process, with an average time on the market of 489 days. 

An alternative solution that will ensure you can sell a house fast is to use our services here at We Buy Any Home. We can provide a free cash offer based on the current market value of your property, and we can even complete the sale in as little as seven days. Get in touch to receive your free cash offer. 

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