Lightside
The Courtyard
124 High Street
Nailsea
Bristol BS48 1AH
T: 01275 595006
F: 01275 859145
If you are struggling to pay or worried you might not able to make your monthly mortgage repayments then contact your mortgage lender as soon as possible and talk to them. Ignoring the situation will not make your mortgage arrears problem go away and doing nothing will only make things worse - potentially leasding your home being repossessed.
If you do not know how to sort out your mortgage arrears and want free mortgage debt advice then talk to Lightside today - call 01275 595006
Your mortgage is a priority debt and it is much more important than paying any unsecured debts such as credit card debts. Often, if you are struggling with debt and miss payments on credit cards or a loan then these unsecured lenders will begin the process of chasing their debts very quickly by telephoning and sending threatening-sounding letters. This can sometimes mean that you pay unsecured debts before a mortgage because of creditor pressure.
DON’T!
Always pay your mortgage as a priority and seek free professional debt advice regarding your unsecured debts. Telephone our specialist team today for free mortgage in arrears advice on 01275 595006
Mortgage lenders have an obligation to help their customers sort out any mortgage payment difficulties. They may be able to come to a payment arrangement with you.
Depending on your payment history and whether your difficulties are
likely to be long or short term, you may be able to:
• request a 'mortgage payment holiday'
• reduce your payments for a period
• change to interest only for a while, if you've got a repayment
mortgage (usually you pay capital and interest)
• extend your mortgage term to reduce your payments
If you've already fallen behind, your lender should suggest a way to pay off the mortgage arrears gradually, alongside your usual repayments. If you can't meet the extra payments, you may be able to delay them for a while or add them to your loan.
Pay as much off your mortgage as you can manage every month. Keeping up regular payments, even if they vary or are not as much as they should be, it demonstrates that you are trying pay towards your debt. Your mortgage lender's more likely to treat you sympathetically and you'll minimize the mortgage arrears charges too.
Don't think you cannot get free advice on mortgage arrears. Lightside are professional debt advisors and can offer you bespoke and completely FREE mortgage debt advice either at your home or at their offices near Bristol so you can sort out your mortgage payment difficulties.
If your mortgage is in arrears and you're fed up living with the worry and stress of potentially having your home repossessed then call us for 100% detailed FREE advice - just one call can have you start sorting out your outstanding mortgage debts today.
Call 01275 595006, we can help!