Is your mortgage in arrears? Are you worried that repossession may be just around the corner? Call us for help and advice.
Many of today's mortgages include arrangements for “payment holidays”: months where you can miss your mortgage payment, on the understanding that you will make it up within a certain period. A payment holiday gives you greater flexibility when things are tight, but they shouldn't be taken for granted, and you shouldn't forget to make that additional payment.
If you keep taking too many payment holidays, you'll end up with a mortgage that's firmly in arrears. You'll owe several months' payments and your lender will begin to chase you for the cash that's outstanding. You could suddenly find that you have a serious mortgage debt and that you are in danger of losing your home if you don't sort it out.
How can I sort out my mortgage problems?
Always contact the lender as soon as you know you are in difficulty. Lenders deal with customers who have financial problems every day and most are happy to talk to you about how you can get back on track. The sooner you get in touch and show your lender that you're willing to sort things out, the more likely you are to get a successful outcome; keep putting your head in the sand and ignoring the problems leads to more debt and a greater risk to your home.
If you are too far in debt to make an agreement with the mortgage lender, or if your lender doesn't appear to be amenable to your suggestions, you need to find another way of raising the cash you need. For some, getting a second job or selling the car may raise enough money but for others the debt is too large and selling the property is the only way out.
Get a fast house sale with us
If you decide that your best option is to sell your house, give us a call on 0800 695 7 695. Our services are specifically designed to help you get a quick sale and release the cash you need to pay off your mortgage debts as soon as possible. We can even arrange for you to stay in your home once it's sold so that you don't have to worry about moving out.
Freedom Property specialises in helping you to get a fast house sale. We will buy your home from you and complete your sale in as little as four weeks. For a valuation within 24 hours, call us now on 0800 695 7 695 or email
info@sellyourhomeforcash.co.uk
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