This page is targeted at housing professionals. Our main site is at www.shelter.org.uk

Handing back the keys

This content applies to England & Wales

The situation when a borrower hands over the keys to the lender.

In most circumstances, it is not advisable for a borrower to hand over the keys before the lender has obtained an enforceable possession order. However, where this has already happened, the borrower will remain liable for the debt, which will continue to increase until the property is sold.

Help with housing costs maybe be available through Support for mortgage interest.

If a borrower who has handed over the keys prematurely try to apply to the local authority as homeless person, it is likely s/he will be found intentionally homeless (see the section on Intentional homelessness for more information), unless s/he can prove that it was reasonable for her/him to do so.

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