It’s safe to say that mortgage payments are things we would rather not have to worry about, after all you may think there are better things to spend your money on like a new car, a new sofa or maybe even a tasty Solero from the local corner shop as a nice summer treat.

While an ice cream may be the least of our worries, one thing is for sure, not many of us have a money tree growing in the back garden, which we can hit with a stick when times get hard, hence Mortgage repayment problems can be the bane of one’s life.

For most of us meeting our monthly mortgage payments is the harsh reality, you may even admit to burying your head in the sand when it comes to struggling with the mortgage repayments.

If you’re finding it hard and can’t get back on track with your mortgage payments, with the dark potential of losing your home becoming a reality, the temptation to ignore the problem should be thwarted.

Think of it like this, if a nasty cut on your body isn’t treated by a doctor, then it could become infected. This is much the same when facing your repayment problems, with the expert help you may need to effectively treat any issues.

Ultimately, if you ignore repayments your mortgage provider will notice and chase this up promptly, as well as your credit rating being affected you could also face potential repossession proceedings.

In this situation, the best option is to contact your lender as soon as your situation becomes untenable. Your lender may offer to defer your payment to a later date or extend your mortgage term, reducing your repayments into manageable and smaller chunks – it is important to admit to yourself that you are in need of a helping hand.

Check if you have insurance cover, as if the reason you have fallen on hard times is because an accident, an illness or recent unemployment, then any accident, sickness and unemployment insurance, can help with your mortgage repayments if your income has fallen because of this.

One of the most common issues for falling behind on payments is mis-managing your outgoings, you can take appropriate action to save yourself some much needed money – you can divide spending into essential and nonessential items into a mini budget, maximising your savings.

Cutting back on your spending can create additional money, this in turn helps you meet your repayments, while other such debts like Credit card and overdrafts need to be considered.

Put your mortgage at the top of your list but make sure you are doing everything you can to meet the demands of your other debts as well.

Here at Liddle Perrett we offer expert advice, we are only too aware that life isn’t always plain sailing, with a sudden illness or job loss etc can occur when we least expect it, making paying the mortgage difficult and sometimes the last thing on your mind.

You can protect yourself financially with the correct insurance, Liddle Perrett can soften the blow should tough times are occur. Make sure you, your family and your home are adequately protected.

You’re only a small call away from getting your finances back on track with Liddle Perrett.

For Mortgage advice please contact:
David Liddle on 0345 894 8441 or david@liddleperrett.com.

For Protection advice please contact:
Sarah Buckingham on 0345 894 8441 or sarah@liddleperrett.com.

For General Insurance advice please contact:
Jade Topliss on 0345 894 8441 or jade@liddleperrett.com.

Your property may be repossessed if you do not keep up repayments on your mortgage.

This firm usually charges a fee for mortgage advice. The amount of the fee will depend upon your circumstances and will be discussed and agreed with you at the earliest opportunity.

Liddle Perrett Ltd is an Appointed Representative of PRIMIS Mortgage Network. PRIMIS Mortgage Network is a trading name of First Complete Ltd which is authorised and regulated by the Financial Conduct Authority for mortgages, protection insurance and general insurance products.