Mortgage arrears don't automatically lead to your home being repossessed. Act quickly and take control before mortgage arrears put your home at risk
Getting into difficulties with your mortgage payments can happen easily. Falling into debt is often the result of a change in your circumstances; illness, a loss of hours, a cut in overtime or a relationship breakdown. Your home can be repossessed if you fall behind on your mortgage, but getting the right help can prevent that from happening.
Don't ignore letters about your mortgage arrears from your mortgage lender. The sooner you address the issue, the more options you may have. If you get a letter or a phone call from your lender, reply.
If your lender has started legal action to recover the money you owe or repossess your home you will get letters from the court to let you know. It's not always easy to distinguish a court letter from a solicitor's letter.
Your lender will discuss the different ways you can repay your mortgage arrears. If you've got any money left over each month after paying essential bills, you could suggest adding a little bit on top of your future monthly payments.