Mortgage Payment Advice
If you’re struggling with your mortgage repayments and can’t get back on track it’s important you don’t ignore the problem. There’s a lot of help available. You might be able to apply for a mortgage payment holiday. Speak to your lender to see if this may be an option.
- Your lender will look at your individual circumstances and offer support on a case-by-case basis.
- You will need to make up the payments that have been deferred; this could be over the remaining term of the mortgage, capitalising, extending your mortgage term etc;
- If a payment holiday is agreed then it will not affect your credit file.
If you have other loans secured on your home you can also ask your lender if they will give you a payment holiday on these loans too.
If your Mortgage Lender has already sent you an Eviction Notice, contact the Court straight away that is dealing with your case to check that the action is being suspended. If it is not being suspended, contact us for advice straight away.
Please note that your mortgage is one of your priority debts.
If you are at risk of repossession and your lender is being unhelpful, please contact the Debt Advice Service straight away. https://www.tameside.gov.uk/debtadvice
If you are a Tameside resident you can contact Tameside Council’s Debt Advice Service on 0161 342 3494 or send an on-line referral to us at: https://public.tameside.gov.uk/forms/f1218mortgage_rescue_scheme.asp.