Sadly with rising living costs and many fixed-term mortgages coming to an end, more homeowners are finding it a struggle to make payments to their mortgage. Having mortgage arrears means that you have fallen behind on your payments to your mortgage lender, this could happen because of sickness or change of job.
If you have mortgage arrears, or fear that you may miss your next mortgage payment, it is essential that you get in touch with your mortgage lender as soon as possible, as mortgage arrears will lead to repossession.
We would always advise that you get in touch with your mortgage lender as soon as you face difficulty in meeting your mortgage payments. It is essential that you act quickly and make your mortgage lender aware of your situation.
If you find that your unsecured debt means that you cannot afford to meet your mortgage payments, then you need to seek help to make these more affordable to you. We have access to many different debt solutions, such as an IVA or debt management plan.
Our advisors are fully trained to deal with all aspects of debt, so please call today on 0800 048 1779 to discover how you can avoid repossession by lowering your monthly payments to your other forms of debt.
Remember, you need to class your mortgage arrears as a priority debt. Tackle them as soon as possible so that you do not have to fear repossession of your home.
Stopping a planned repossession is a complex legal process. There cannot be any guarantees of success. It is NEVER too late to start to oppose the repossession and the sooner you start the better the chance of a successful outcome. To successfully oppose repossession in Court we would always recommend professional legal representation to present your case.