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Home>Glossary>Possession order

Possession order

Legal & insolvency
A court order that can require you to leave a property.

Overview

It is often used in mortgage or rent arrears cases.

There may be options to negotiate or delay enforcement.

Why it matters

  • It can lead to losing your home.
  • It signals serious arrears issues.
  • It can have long-term credit impact.

FAQs

Does a possession order affect my credit score?

The arrears and any judgment can affect your credit file.

Can I stop a possession order?

You may be able to negotiate or apply to the court depending on the case.

Related terms

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