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When everyone has a home

Housing advice for Northern Ireland

Homeowner

Lots of people get back on their feet after falling into arrears and manage to keep their home. Falling behind on your mortgage doesn't mean you'll have to hand back your keys or that you'll have to pay everything you owe in a lump sum. Your lender should offer you a range of options to help you get back on track.

There are a few different things that can happen if you have to go to court for a possession hearing.

You may be entitled to compensation if you have to leave your home because the area its based in is scheduled to be redeveloped. Homeowners will be paid the current market value for their home and you might also be entitled to compensation for the disturbance. The Housing Executive should rehouse you if you can no longer live in your home because it is in a redevelopment area.

You're in negative equity if you owe more on your mortgage or secured loan than your home is currently worth. Selling your home won't clear your debts.

Use these letter templates if you need to negotiate with a lender, landlord or other creditor about debt problems

Selling a home that you and your former partner jointly own can be complicated. You'll usually need to get legal advice from a solicitor who can explain what will happen to the property.

If you’re struggling to meet your mortgage payments, you may also be tempted to consider selling your home and renting it back through a mortgage rescue scheme.

You may be eligible for a grant if you own a property that has been flooded or is in a known flood risk area. This grant will allow homeowners to install physical barriers and equipment to help reduce the impact of flooding on their homes. Councils also provide emergency financial assistance to help with the cost of cleaning up after a flood.

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