A UK resident with a mortgage arrears problem can get a lot of helpful advice from sites and organizations. If you cannot meet your mortgage payments, if you are in arrears or about to become so, dont play the ostrich head in the sand game.
It is crucial that you immediately contact your lending institution and make them aware of your financial problem.
Every lender has a plan in place for dealing with mortgage arrears and helping you get back on track with your payments. They will try to help if you are proactive and honest with them.
If you try to avoid them, refuse to take their calls and just hide out from your creditors, you will soon be in over your head and may lose your home.
There are also some free not-for-profit organizations in the UK whose mission is to try to help you keep your home and your good credit. They will help if you contact them.
Your mortgage lender should be your very first email or call when you realize you have a mortgage arrears issue. Not only do they want to keep your mortgage in place and in good standing, they are also obligated through federal legislation to take your critical situation into account and...
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