Mortgage Arrears
When your home is in danger of being taken away and letters and calls are happening frequently chasing you for what is owed in your mortgage arrears it can be very worrying.
Mortgage arrears are one of the debts that will leave you stressed and worried more so than other debts as to whether your house is at risk of repossession. Mortgages and mortgage arrears are classed as a 'Priority Debt' and can lead to you losing your home.
It is very imperative that you try to sort this problem out immediately with the help of a professional that will help you to stay in your home if that is an option left to you.
Paying something towards your mortgage will help you as it will show that you are still willing to pay and may mean that the mortgage provider can put some sort of alleviation your way.
A professional company will be able to represent you and will know what is needed of you so that you can stay in your home for as long as possible or even till your debt problems are solved.
The professional will help establish whether you can re-mortgage or even extend the period that you could pay the debt back.
It is also important to take on board that lenders do not want people to lose their homes.
There are a number of options to you that could help you bring in extra revenue including –
- If you have the room you could get a lodger
- Seeing if you are entitled to any extra benefits by contacting the benefits office
- Re-mortgaging
Most people will have already tried the above so it is best that you get some professional help and here at Confused Debt we list a small number of pre-vetted and selected companies that will be able to help you with the right solution. Our free debt calculator takes around 60 seconds to complete.
