Friday 16 September 2011

Guide: How to avoid mortgage arrears | Mail Online

Guide: How to avoid mortgage arrears | Mail Online

Homeowners struggling with their mortgages will be looking fearfully at reports that Britain's inflation problem may mean interest rates have to rise.
The temptation may often be to ignore the problem, but those who feel that they could fall behind with their mortgage, into what is known as arrears, can save themselves pain by acting as soon as possible.
Long-term arrears can lead to home repossession and so borrowers are urged to act fast if they think they are going to struggle with payments.

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