- A company or person files a bankruptcy order against you.
- A compulsory purchase order is made to buy your own home by a local council or public body.
- You break the conditions of your lease like not paying rent or service charges.
Make an Enquiry Here Check Mortgage Rates Here Shared Ownership Calculator When you owe alot of money to a creditor for a property or item and cannot make the debts a last resort to get some money back that the creditor can and sometimes takes is to repossess the property and sell it on for as much as they can get. Your home can be repossessed by your main mortgage creditor or the company who gave you a second loan to secure your home. You can lose your home if: