s0luti0n's Blog

If you are struggling to meet your mortgage payments you should be aware of how your current lender will view and act on the situation.Anyone struggling with their mortgage payments must liaise with their current lender immediately to see if there is a way for the problem to be rectified.Your lender will usually ask you to complete an income and expenditure summary form, which will help assess if there are any ways in which you can reduce your outgoings and use your income more effectively. You should also be advised to speak to the Citizens Advice Bureau or Consumer Credit Counselling Service for free and impartial advice.The lender will also discuss your financial situation, including the payment method of your mortgage. It may be that if you have a capital repayment mortgage you could ...