When struggling to meet mortgage or other financial obligations it can make for an unhappy and stressful life.
It’s important to maintain perspective of course and then decide what you can do to improve matters. Sometimes there will be plenty - usually your options are limited.
If you are struggling to pay your mortgage, here are a few ideas to consider;
Most mortgage providers recommend constant communication with them if you are having difficulty with mortgage repayments. Some lenders will consider granting you a repayment holiday to cover short-term difficulties but this will largely depend on the lender, your personal circumstances and the loan to value ratio on your home.
Perhaps most important of all, don’t fall into the trap of not reading mail and ignoring the problem. Talk to a trusted friend or family member and take professional advice. It’s never as bad as it seems and there are always actions you can take, even if sometimes those actions are sometimes undesirable or hard to implement.
If you are having problems meeting your mortgage requirements contact Mortgage Required for an initial, no-obligation, consultation.
The Financial Conduct Authority (FCA) has shared new changes to mortgage rules with the aim to simplify remortgaging, and encourage competition within the mortgage market.
4 days ago
Lloyds Banking Group has jumped on the bandwagon to boost lending for first-time buyers as they allocate an additional £4 billion to help first-time buyers on to the property ladder.
As the Loan to Income (LTI) cap has been increased to 5.5 times income, applicants who fit the First Time Buyer Boost criteria could borrow up to 22% more.
The government is introducing mortgage reforms to boost homeownership, stimulate economic growth, and make the housing market more accessible, especially for first-time buyers.
Chancellor Rachel Reeves has announced the most significant mortgage reforms in over a decade—great news for those dreaming of homeownership.
Nationwide ease their ‘Helping Hand’ mortgage designed to help first-time buyers get onto the property ladder by allowing them to borrow up to six times their income.
13 days ago
Keeping the kids entertained over the six-week summer holidays isn’t always easy, especially with the cost-of-living making it even more difficult. Below is a list of fun, inexpensive ideas to do over the break
The Financial Conduct Authority (FCA) has published a discussion paper about the future of the mortgage market in a bid to improve access for first -time buyers, self-employed, and those borrowing in retirement.
Ever wondered where the most reasonably-priced towns for families to buy are? Property company, Zoopla has identified the top 10 towns for families to live in the UK by looking at the most affordable towns, and how many people are looking in that area.
18 Jun 2025
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