*It is a legal requirement that your lender ensures that any essential maintenance (e.g. storm damaged roof or leaking plumbing) is conducted on your property while it is in their possession – they will usually employ an external contractor and any costs they incur will be added to the final balance owed – this again incurs extra interest against your balance.
**SHELTER ENGLAND STATES: “YOU ARE NOT REQUIRED TO CONTINUE TO MEET YOUR MORTGAGE PAYMENTS AFTER POSSESSION”. However as a responsible business – we would advise that where you can afford to make the payments, you should. You need to maximise any proceeds you stand to receive from the sale of your home and meeting your payments will keep excess charges and interest payments down.