Mortgage problems can be the bane of one’s life, after all there are better problems out there you would rather have – what if I had all the money in the world and what would I spend it on? This is just an example of a great problem to have!

Well unfortunately, most of us aren’t in that wonderful position. In fact most of us find ourselves in a position where meeting our monthly mortgage payments is the harsh reality.

A common problem many of us will admit to is to burying our heads 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 the dark potential of losing your home becoming reality – the temptation to ignore the problem should be thwarted!

Ultimately, if you ignore repayments your mortgage provider will notice and chase this up promptly, as well as your credit rating taking a massive dent with the added kick in the teeth of potential repossession proceedings being put in.

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, dicing 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 the 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 money can create spare money, this in turn helps you meet your repayments. While other such debts like Credit Card and overdraft loans may also be on your to-do list, it is obviously more important that you have a roof over your head. 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 us, Liddle Perrett softens the blow should tough times are occurring or come up in the future. 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

For Protection advice please contact
Sarah Buckingham on 0345 894 8441 or

For General Insurance advice please contact
Jade Topliss on 0345 894 8441 or

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 First Complete Ltd which is authorised and regulated by the Financial Conduct Authority.