By Jonathan Gardner

What is the mortgage guarantee scheme? The UK Mortgage Guarantee Scheme is a government initiative designed to help prospective homebuyers with smaller deposits get on or move up the property ladder. Initially launched in April 2021, the scheme has been extended and is now available until June 2025. It aims to increase the availability of […]

Communication breakdown with your mortgage lender? When homeowners find themselves in mortgage arrears, the path to resolving the issue can be fraught with challenges, especially when communication with lenders breaks down. This article explores cases where homeowners have made sincere offers to get back on track, only to have those offers rejected by lenders.  Common

What happens when a mortgage expires? In the UK, many homeowners are facing a significant challenge as their fixed-rate mortgages are set to expire in 2024. This situation can be quite stressful, especially with the current economic climate. When a fixed-rate mortgage ends, borrowers often find themselves switching to a higher variable rate unless they

Can a home repossession be reversed? If you’re facing home repossession, it’s important to know that the process can potentially be reversed, even if it seems like you’ve reached a critical point. Understanding the steps involved and acting quickly can make a significant difference. The first key point to remember is that communicating with your

How long before a mortgage payment is considered late? When it comes to understanding how long before a mortgage payment is considered late in the UK, it’s important to grasp the typical timelines and consequences involved. If your mortgage payment is due on the first of the month, there is usually a grace period provided

What does support mean in finance? Contrary to belief, if you are facing repossession of your home due to mortgage arrears, lenders do offer support to help you get through the unpleasant situation. If you are in this situation, it’s crucial to understand the options available. One of the first steps lenders will take with

Why is debt advice important? Facing mortgage arrears can be a stressful and isolating experience for homeowners. When the weight of missed payments starts to feel like a burden too heavy to bear, it’s important to remember that seeking debt advice can be a lifeline. Debt advice offers not only practical solutions but also emotional

Why do homeowners in mortgage arrears hesitate to seek help? When facing financial distress and falling behind on mortgage payments, many homeowners choose not to seek support or get in contact with their lenders. This reluctance is often rooted in a complex mix of emotional, psychological and practical factors. First and foremost, fear and anxiety

What is considered financial difficulty? Understanding financial difficulty is so important when facing tough times, especially when dealing with institutions like banks or mortgage lenders. According to the UK’s Financial Ombudsman, financial difficulty is a situation where an individual or household is struggling to manage their financial commitments due to changes in their circumstances or

Home Repossession: Understanding, coping and empowering yourself in tough times.  In the UK today, many homeowners are experiencing the stress of potential home repossession. While it’s a subject full of legal jargon and economic implications, at its heart, it’s a deeply personal and often distressing experience. If you’re among those with a mortgage finding themselves