Struggling to pay your monthly mortgage payments

If you’re finding it hard to pay your mortgage, you might be able to:

• • reduce your household costs or increase the money you have coming in
  • switch to a cheaper mortgage deal
  • reduce your mortgage payments
  • reduce payments on a shared ownership property
  • change payments on your endowment policy

The cost of living crisis is making it hard to find new mortgage deals at the moment and you may not be able to save money by making changes to your mortgage. Remember to take a look at your household budget regularly to see if you can save money in other ways.

If you’ve already missed mortgage payments you must act quickly to stop yourself from falling into debt. If your lender thinks you’re not dealing with your debt, they’ll take action through the courts and this could lead to you losing your home.

Look at your household budget to check what money you have coming in and how much you’re spending. You might be able to save money on your home insurance by switching to cheaper mortgage protection, buildings or contents insurance.

You can find more information here: www.citizensadvice.org.uk/debt-and-money/mortgage-problems.

If you don’t have enough money to live on, you might be able to get benefits or help from a government grant. You might also be able to get help with bills like your council tax, you can find more information here: www.citizensadvice.org.uk/debt-and-money

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If you would like to speak to an adviser, please call the Citizens Advice Basingstoke free Adviceline on 0808 278 7829, Mon-Fri, 9am-5pm. Citizens Advice Basingstoke is an independent local charity relying on volunteers and funds raised to provide free, confidential and impartial advice, whatever the enquiry involves.. We are here to help.

National Citizens advice website www.citizensadvice.org.uk

Registered charity no 900116.