What to do if you can't keep up with your mortgage payments
Is the cost of living crisis and interest rate rise making it harder for you to keep up with your mortgage payments? If your mortgage is starting to become a burden on your finances, don’t panic. There are things you can do to stop the situation spiralling before it’s too late. Here are our top tips to help you stop your mortgage payments getting out of control: 1. Get advice from a regulated debt advisor Seeking help from a Regulated Debt Adviser can help you understand your situation holistically and come up with a plan to tackle your arrears, including identifying whether you’re entitled to any benefits. 2. Contact your lender early Lenders may be more inclined to agree to a repayment plan or other proposed solution if you alert them to potential problems early on. 3. Agree a repayment…