Getting A Mortgage With Existing Arrears

Mortgage lenders regard mortgage arrears very seriously. If you have current mortgage arrears, you will need to take some action to recover the situation. If you do nothing, the debts will get worse and ultimately the mortgage lender will seek repossession of your property. This will allow them to sell the property and use the money from the sale to pay off the debt. Depending on your circumstances there are things you can do: Negotiate with your current lender. . You will need to be able to keep up your current instalments and pay off the arrears. If your difficulties

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