Letters from your lender

 

If you have failed to make payments on your mortgage then you will receive a letter from your lender letting you know you have missed payments and asking you to rectify the problem.

 

You must contact them to acknowledge the problem and explain what you will do about it.

 

If you do not respond, you will certainly receive a letter threatening to instruct solicitors to obtain a repossession order.

 

Top tips:

• Keep you lender informed at the earliest stage, even before you have missed a payment if you know
• Reply promptly to letters
• Make real efforts to make as much payment as you can. Something is better than nothing/little and often
• Remember that even if it's not directly your fault you are in arrears, it's probably not the lenders either so taking it out on them wont help your cause.
• Remember to document everything. If the case goes to court, the more evidence you can show that you have made every effort and attempt to meet your obligations then the more chance you have in getting a better result in court.

 

NEXT: The second stage of a home repossesion

 

Getting Help:

Contact us to help you find a professional advisor.

 

Additional Reading:

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