Many people I know are having problems with their mortgage payements. Its a growing problem and one thats far from going away.
I always tell them there are many ways to get help to pay a mortgage, which dont mean more debt or fear of retribution !
Firstly the best place to start is the mortgage lender themselves, any insurance policies you may have and the Department for Work & Pensions (DWP) can also give you advice on your rights.
Mortgage lenders often offer types of 'Rescue Scheme' whereby they buy back your home or part of it. As a result of this you become a tenant or part tenant. This is often the best solution if you cant see strong improvements in your financial incomes. It is worth asking your mortgage lender if they operate this scheme, especially if you want to remain in the property and have very little or no money to offer.
You may be able to claim extra benefits from the Department for Work & Pensions (DWP) to improve and raise your current income levels if it is thought to be low. These can include Working Tax Credit, Income Support top-up etc; depending on your situation you may qualify for disability benefits based on personal circumstances for yourself, partner or children.
Contact the DWP or Welfare Rights for advice.
For short term fixes, a very good option is to take in a 'lodger' or a 'tenant' may be a possible short/long term solution, however if you are claiming any state benefits then you would need to check how this may affect your entitlement to your existing benefit either by contacting the DWP or your local advice service.
Most importantly, dont panic, and dont leave it until the bailiffs arrive !
