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Welcome to Can't Pay the Mortgage Free Help and Advice
If you can't pay your mortgage, or are having difficulties paying your mortgage, the sooner you do something about it the better. Mortgage debt is more critical than any other debt. If you don't pay your mortgage, sooner or later you could well lose your home. What could be worse than losing the roof over your head?
Mortgage debt is a difficult problem to deal with, but one that is not insurmountable providing you take immediate action. It is far from uncommon, especially today. But most importantly, the moment you start to run into difficulties paying your mortgage is the moment you should contact your lender, not when the bailiffs are outside waiting to beat down your door. |
Mortgage Arrears
If you have Mortgage Arrears, all may not be lost. It is a common problem and you are far from alone. Don't be embarrassed, and don't bury your head in the sand. The moment you feel you might be about to go into arrears with your mortgage, contact your lender straight away. Falling behind with mortgage repayments is a common problem, and your lender may well have a solution. But only if you tell them about your mortgage problems will they be able to help you! So if you have mortgage arrears or think you might be about to go into arrears, take action now. Contact your lender today!
Mortgage Debt Remedies
- Contact Your Lender
- Seek Advice
- Pay What You Can
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- Mortgage Debt Counselling
- Mortgage Debt Help
- Remortgaging
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Contact Your Lender
The very first thing you should do if you are running into difficulties paying your mortgage is to contact your lender. The sooner you make them aware of your situation, the better. Keep your lender informed and they are likely to be far more sympathetic to your case than if you simply bury your head in the sand. The only way they know whether yours is a genuine case of hardship or you simply have no intention of honouring your agreement with them, is if you tell them. There are procedures laid down by the Financial Services Authority to help you, and your lender will take your circumstances into account, but only if you inform them about your difficulties.
Seek Advice
Mortgage Debt Advice is available from many commercial and non-commercial organisations. A good starting point if you require Mortgage Debt Advice would be National Debtline who would will be able to offer you free, confidential and impartial advice.
Pay What You Can
No matter how much or how little you can afford to pay, pay something. Your mortgage lender will look far more favourably upon your situation if you at least make the effort to pay, even if it is nowhere near the right amount. It could make the difference between you keeping your home and losing it!
Mortgage Debt Counselling
In the first instance, contact one of the organisations set up to provide free advice to people in difficult circumstances. Contact your local Citizens Advice Bureau or National Debtline.
Mortgage Debt Help
The Financial Services Authority (FSA) regulates mortgages in the UK. They produce a number of information products such as "What to do when you can't pay meet your mortgage payments".
Remortgaging
Remortgaging may well be the solution to your mortgage problems. Speak to your lender about the possibilities of this option.
