Mortgage Arrears

If you cannot meet your mortgage repayments, it is important to contact your lender as soon as possible. Lenders have procedures for tackling payment difficulties and they will try to help. You may be able to negotiate a reduction in monthly payments by making interest-only payments for a while, or extending the term over which the debt is repaid. Or your lender may allow you to pay off the arrears gradually, alongside your usual payments. If you can't meet the extra payments, you may be able to delay them or add them to the existing loan.

Pay as much as you can manage each month. Keeping up regular payments shows that you are committed. This will keep arrears and charges to a minimum.

If you can’t reach an agreement you lender may pursue you through the courts to get a possession order and evict you from your home. This will allow them to sell the property and use the money from the sale to help pay off the debt.

Don’t wait for this to happen, act quickly. Seek advice from one of our specialist housing or debt advisers.

Services - Debt