Recent predictions by the Council of Mortgage lenders suggest that the coming months will see a marked increase in the number of home repossessions. If you are struggling to meet mortgage payments and fear slipping into arreas, there are a number of strategies that you can take.
Government Help. The government doesn’t give much financial help for dealing with mortgage payments. The main thing is that the government offers advice through bodies such as the Citizens Advice Bureau and National Debt Helpline. See: Government help for Mortgages.
Reducing Mortgage Payments. There are various things we can do to increase affordability of mortgage payments.