DONT BURY YOUR HEAD IN THE SAND 

When it comes to dealing with arrears, far from ignoring the problem and hoping (falsely and unrealistically) that the problem could go away  by itself, what you should do instead is contact your mortgage lender as soon as possible. 

If you contact your mortgage lender VERY EARLY BEFORE the financial pressure/problem begins to escalate, then this will be deemed by the lender to be a much more credible attempt on your part to create a solution that works for the lender AND for you – a “win-win”. 

On the journey to this position, you will also gain more breathing space, and this in turn leads to your feeling better about avoiding a potential  repossession; we have found that once you start taking action (eg., avoiding procrastination) this feel good factor arises from your taking more control, even if a little bit! This in turn leads to your seeing a potential better end in sight that potentially avoids repossession. 

By not burying your head in the sand, you will significantly increase your chances of avoiding a potential repossession, leading to a significantly better chance of finding a satisfactory resolution for you and your lender. Contact us to learn more.