If you are struggling to keep up with your mortgage payments, a temporary break from repayments may sound like the ideal solution. It could give you time to deal with a drop in income, unexpected expenses or another financial problem without immediately having to find...
Can a mortgage lender take you to court for arrears? Yes. If you have fallen behind with your mortgage payments and the arrears cannot be resolved, a mortgage lender can eventually take court action seeking possession of the property. However, court action is not...
If you are behind with your mortgage payments, you may eventually ask whether the arrears can simply be written off. The short answer is that mortgage arrears are not normally automatically written off just because you are struggling to pay them. Mortgage arrears form...
If you are struggling to keep up with your mortgage and have already fallen into arrears, you may start considering whether selling the property could resolve the situation. One of the most common questions in this position is: Can you sell a house with mortgage...
Mortgage arrears can affect much more than the immediate relationship between a borrower and their lender. Missed or late mortgage payments can be recorded on a credit file and may affect future applications for mortgages, loans and other forms of credit. One of the...
Falling into mortgage arrears can create immediate financial pressure, particularly when the amount owed continues to increase while you are trying to keep up with your normal monthly mortgage payments. One option that may sometimes be considered is to add the...
If you have fallen behind with your mortgage payments, you may eventually receive a warning that your lender is considering court action. For many homeowners and landlords, receiving a letter mentioning court proceedings can be extremely worrying. It can also be...
If you are struggling to afford your mortgage payment, it is important to deal with the situation as early as possible. A mortgage payment problem can start as a temporary financial difficulty but become more serious if payments are missed and arrears begin to...
Falling behind on mortgage payments can quickly become stressful, particularly when you are trying to agree a payment arrangement with your lender and the lender does not accept the amount you believe you can afford. A common question is: can a mortgage lender refuse...
Selling a property can sometimes appear to be the most straightforward way of dealing with mortgage arrears. If a homeowner or landlord has fallen behind with mortgage payments, selling the property may release enough money to repay the mortgage and bring the...
