We understand how quickly circumstances can change and at times it can be difficult to keep up with your mortgage payments. If you have concerns about your finances, completing an Income & Expenditure form can help you get a clear picture of your household income and spending; download one below.
Debt can often seem overwhelming. It’s vital you take action as soon as you know you are struggling to maintain your payments.
It’s vital you take action as soon as you know you are struggling.
Think about your finances as a whole; do you have several debts you are trying to manage, does it feel unmanageable? It’s important you prioritise your debts in order of the consequences of non-payment.
Priority debts are those that have the most serious consequences if you continuously miss payment; they aren’t always the largest debts or those with the highest interest rate, but could lead to imprisonment, the loss of essential services for living or your home. These could include, in no particular order:
Non-priority debts are those where the outcome of failing to pay is often less serious. For example you cannot be imprisoned and you won’t lose your home, but your creditor may eventually take you to court. These could include, in no particular order:
If trying to make sense of your financial situation feels overwhelming or you need more support, speak to someone. You are not alone; a debt adviser at an organisation like PayPlan speaks to people in similar situations every day. Since PayPlan started
they’ve helped over 1 million people become debt-free, and every year they help over 100,000 more people with their finances.
It’s important you prioritise your debts in order of the consequences of non-payment.
The sooner you get in touch, the quicker we can help you. If you’ve fallen behind with your monthly payments, or you’re worried about being able to make a payment in the future, our team is here to help.
We will talk through your current circumstances, so we can understand the best way to support you. Talking to us about your circumstances and the options that may be available to you, will have no impact on your credit score.
During the conversation we will:
We can't offer advice or help with any credit commitments or outstanding debts you may have with other organisations, visit our independent money advice page for support.
If you’ve fallen behind with your monthly payments, or you’re worried about being able to make a payment in the future, our team is here to help.
Having debts is a lot more common that you might think, and it’s easier to fix than you might think too. Debt advice from PayPlan can help you.
With the ‘cost of living’ crisis adding extra pressure to your finances, PayPlan can offer advice to anyone who may be struggling to manage their finances and keep up with debt repayments. An impartial, friendly team with over 30 years’ experience will listen with empathy, compassion, and respect.
Plus, they’ll give you a clear idea of what your options are based on your specific needs.
We've referred over 1,400 customers to payplan in 2022. Click below to read some of their stories and find out how PayPlan helped them to manage their specific challenges.
Don’t ignore your situation; it’s never too late to seek advice and try and to get your finances back on track. If you’re struggling to pay your mortgage and your payment arrears feel out of control, it’s important you talk to us.
We always consider repossession to be the last resort and will work with you to understand your circumstances and try to come to a mutually agreeable payment arrangement. However, if you are in serious mortgage arrears we may need to apply to the court for a possession order. This means we would be able to sell your property to recover the debt secured against the property.
A possession claim explained...
It’s never too late to seek advice and try to get your finances back on track.