Mortgage Arrears

Mortgages arrears are serious matters and failure to repay debts of this nature may result in you losing your home or the rights you have to use your home. If you are unable to repay the debt entirely or do not have an agreement to repay the cost, you or a guarantor will be liable for the debt owed. If you are in arrears, you should contact your lender and explain the situation, hopefully, they will be able to come to a workable solution, ultimately the end goal is to avoid being made to leave the property. Having formal action taken against you is usually the last resort for lenders and as such many may be more agreeable to varying terms to help you over this difficult period.

 

Early Mediation / Intervention

We would always suggest getting in touch with the lender as soon as possible (this is called Early Mediation), you can try and sort things out on your own or employ a specialist to act on your behalf. Going to court to seek repossession of a property is the final stage of a process that nobody wants to undertake. Early intervention is key to developing a workable solution with lenders. There is no shame in not being able to cover the full mortgage payment, bumps appear in everyone's life and all lenders know this. We appreciate that if things are tight financially that our charged service may not be the most obvious solution, however, we have a specialist team in place to help you negotiate a workable solution with your lender to protect your home and always strive to make our service as affordable as possible.

 

How we can help

Mortgage lenders are usually very approachable, however, if you do encounter any issues then Lestons have specialist staff to liaise with them to try and remedy the situation. Bank and building society staff are usually well trained in all such matters. To gain our assistance you need to open a case, this is done by taking advantage of our free consultation service, activated by the link at the top of the page, should you wish to start a case the caseworker will send you the suitable payment link. Please note your caseworker is not legally trained and can only give generic advice, their role is to prepare your details for handling by our trainee and qualified solicitors and, if required one of our third-party financial consultants to act as your point of contact, they will also issue you with your Password and PIN, these will be needed to log onto your client dashboard. From your dashboard you will be able to manage and view every aspect of your case, upload documents, images, files etc.