Squatters rights in the UK allow someone to apply for possessory title after 10 years and provided the registered owner does not object in the following 2 years the squatter effectively becomes the owner.
But what happens if a mortgage lender ‘delays’ repossession proceedings for 15 years?
Well, a High Court ruling has recently allowed Mr Djabar Babai of Heaton Mersey, Stockport to keep his house after being declared bankrupt in 1993 and having not made any mortgage payments since.
Natwest ‘delayed’ proceedings for so long they could no longer repossess the property!
‘because 12 years had elapsed so the deadline for enforcing the mortgage had passed and Babai had squatter’s rights to continue living in his home.’
Read the whole story: Man Keeps Home Despite 15 Years Defaults