Mortgage Arrears or Payment Difficulties
Are you struggling to meet your mortgage payments?
If you are a homeowner and worried about keeping up with your mortgage repayments there are a range of options available to help you.
Contact your mortgage lender
Your first step should be to contact your mortgage lender to find out what measures they have available to help you. Your mortgage lender cannot start proceedings to repossess your property without doing this first.
Government schemes
The Government has launched various schemes to help households who may be experiencing difficulties with their mortgage repayments.
Homeowners Mortgage Support (HMS) Scheme
The Homeowners Mortgage Support Scheme aims to help people who have recently experienced a sharp reduction in their income by enabling you to postpone part of your interest payment for up to two years.
For more information about the scheme, please view the Homeowners Mortgage Support FAQs page on the left or the Guide to Home Owners Mortgage Support PDF on the right.
To find out if you are eligible for this scheme, please contact your mortgage lender.
Mortgage Rescue Scheme
The Mortgage Rescue Scheme offers two options, a shared equity scheme where a housing association would provide you with a low interest loan to pay off some of your mortgage, or a mortgage to rent scheme to pay off all your mortgage while you remain in your home as a tenant.
The Council is the co-ordinator of the Mortgage Rescue Scheme. For more information on this scheme, please download the Mortgage Rescue leaflets on the right.
To find out if you are eligible for this scheme please contact our Mortgage Rescue Advisor on:
Tel: 020 8356 2983
Email: MortgageRescue@hackney.gov.uk
or write to:
Housing Options and Advice
Christopher Addison House
72 Wilton Way,
London E8 1BJ
Page updated: 17 Mar 2010
