A guide to surviving mortgage arrears.

Mortgage arrears Mortgage arrears and how to deal with them If you have missed one or more of your mortgage repayments, then your mortgage is in arrears. Mortgages, second mortgages and mortgage arrears are all classified as priority debts. Because you can lose your home to repossession if you fall behind on mortgage repayments, it [...]

Buy-to-let mortgage at greater risk of repossession. Buy-to-let mortgages are at a greater risk of repossession than owner-occupier mortgages. According to a recent Standard and Poor’s report the risk of house repossession through the buy-to-let market has increased dramatically due to declining property prices and the reduction in mortgage products. The report has estimated that [...]