Response to Possession Order

Dear edda First thing that you should look at is the FNB offer letter they will normally add in a payment protection policy to it,this will be clearly shown.A second charge is a legal mortgage and techniclly the lender may ask for posession,in effect the court will make a suspended order on the assumption that you will continue to make specified agreed payments.If this is an oldish FNB loan it may be on an horrendous interest rate.A distric judge does have the authority to reduce the interest under 'unfair credit bargain ' rules. Best to remortgage immediatly.You must attend court!

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