Help paying your mortgage
Are you worried about repossession?
If you're struggling to pay your mortgage, it is important that you get help as soon as possible, before the problem becomes overwhelming.
Some of the help available includes money advice, benefits advice, repayment agreements, credit unions. You may also be offered:
- a shared equity option, which enables monthly mortgage payments to be reduced, or
- Government mortgage-to-rent, which enables the homeowner to remain in the property on an assured shorthold tenancy, paying a sub-market rent.
If you own a home in the Borough and are threatened with repossession, and want further information on these schemes, please contact us.