UK Inflation Rate – What could it mean for mortgage costs? The UK is grappling with inflation once again, a challenge that continues to ripple through the economy and directly affect homeowners with mortgages. As of early 2025, inflation remains above the Bank of England’s target rate of 2%, putting considerable pressure on household budgets […]
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Financial decisions and planning. Financial decisions and planning can be overwhelming, especially when you have a mortgage. However, with a bit of guidance and some thoughtful planning, you can make your financial journey run smoothly. Understanding your mortgage and fully knowing the ins and outs of your mortgage terms, interest rates and repayment schedule is
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Did you take the right mortgage before falling in arrears? When trying to help people find a solution when faced with home repossession hearings because of the arrears on their mortgage, I always start by asking them a few questions like what the arrears are, do they have a redemption fee/statement etc just so that
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Is your mortgage expiring soon? There are a lot of mortgagees out there that have a mortgage that is about to expire. Generally what this means is that the interest rate they have been used to paying will switch over to their current lenders standard variable rate. Many people have been finding that the difference
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Landlords suffer repossession too! Amidst all the news out there at the moment regarding crippling interest rates being the main cause of mortgage repossessions, I came across an article that shared the news that it is not only individuals that are struggling to pay their mortgage, but landlords are suffering repossessions as well. This is
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The Mortgage Charter – A “God send” for those in Mortgage Arrears? Lately I have been reading about the UK’s “Mortgage Charter” a recent initiative introduced by the UK Government to provide clear guidelines and support for individuals facing mortgage arrears. In simple terms, it’s like a set of rules aimed at helping distressed homeowners
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Thinking of selling to avoid repossession? Selling your house as a result of falling behind on mortgage payments might be for some, the best alternative to repossession. This could clear all your debts related to your property, keep your credit rating intact, ensuring that you can move on with your life and start again. However,
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What exactly does Repossession Help do? Quite often, I am asked the question “what exactly does Repossession Help do?” I begin by saying that we are providing a service that offers guidance on steps that can be taken when facing home repossession or home eviction due to mortgage arrears. We have found that many people
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Civil Legal Advice According to gov.uk, when facing repossession of any kind, you may be able to postpone or even stop the process by getting advice from Civil Legal Advice. You may also be eligible for legal aid which can help pay for the advice. Civil Legal Advice (CLA) is a service in England and
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Mortgage Arrears? When speaking to people facing the risk of home repossession due to mortgage arrears, I have often been asked the question “so what’s in it for you” to which the reply is satisfaction. The satisfaction comes from knowing that Greg (my business partner) and I, have done our utmost best to pass on
