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Difficulties in paying mortgage payments

I'm struggling to cope up with my monthly mortgage payments, can some one advise where I can find an adviser relating to my problem.

Asked on Jun 30 2014, General in London | Report content

Answers (1)

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  • Hi David, Really sorry to hear about your difficulties. There are a couple things you can try doing. First is to call your bank and explain your situation to them. Banks sometimes provide an reduced payment for a set period like 6 months. This depends on your circumstances. Secondly, try getting a lodger. Whilst not always ideal, this is a great way to find extra funds to help with the mortgage payments. If you are facing repossession and have a couple months to act, you can try selling the property with a local estate agent. If repossession is immediate, you can sell a property with a home buyers company in which case they can postpone the repossession order with a purchase agreement. I hope this helps David and best of luck. Hope you get sorted. John

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    Answered on Jun 30 2014, Report content

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