It's essential that you get help and advice if you're struggling to pay your mortgage. The sooner you start dealing with your mortgage debts, the more options you'll usually have. If you ignore the problem it becomes harder to manage and you could end up losing your home.
You can be asked to appear at court if you fall behind on your mortgage. Getting a summons to appear in court doesn't mean that you'll lose your home. There are a number of decisions that the judge at court can make. Our advisers at Housing Rights may be able to represent you at your court hearing.
If you’re a homeowner who is getting help from the government to pay your mortgage, the amount you receive will drop on 18 June when the interest rate used to work out the amount of your Support for Mortgage Interest payment, or SMI, reduces by 0.51%. This will mean that you will have to pay your mortgage lender more money.
If you receive certain income-related benefits, you may be entitled to some help with the interest payments on loans secured on your home. Normally, you will have to serve a 39 week waiting period before you will start to receive this financial help and not all loans will qualify for this financial assistance. This financial assistance is called Support for Mortgage Interest.