If you have come to the decision you want to sell your home (read how to sell a house) and think that is the only way the lender will delay proceedings there is a few things to consider.

If your lender agrees to delay court action because you’re selling your home you will need to give them proof you’ve arranged for your property to be assessed.

They will also most likely ask for your appointed Estate Agent & Solicitor to communicate offers with them directly. In effect you will no longer feel in charge of your own house sale which may cause a problem especially if you have any equity to save in your house.

Your lenders motive will be to get the property sold as fast as possible so they can recoup their debt & outstanding mortgage balance.

Also they will expect you to stick to any payment plans you might have agreed while your house is up for sale. Bare in mind selling your house on the open market via an estate agent can take anything from 3/6 months to sell and complete depending on region, house demand etc. This can lead to a very stressful time for home owners.