Can You Challenge LPA Receiver Fees and Costs in the UK?

When a lender appoints a Law of Property Act (LPA) receiver over a property, the financial consequences can extend beyond the original mortgage or loan arrears. In addition to the outstanding debt and interest, the property owner may face receiver remuneration,...

Blog 28: Mortgage Arrears Statement UK: What Should It Include?

What Is a Mortgage Arrears Statement? If you have missed mortgage payments, your lender may send you a statement showing your arrears and the amount outstanding on your mortgage account. This document is important because it helps you understand how the shortfall has...

Can a Mortgage Lender Freeze Interest on Arrears in the UK?

When mortgage payments become difficult to manage, the outstanding balance can become a serious concern. You may already be struggling to afford your normal monthly instalments, yet interest and other charges can make it harder to reduce the amount you owe. This often...

Blog 26: Can You Get a Mortgage Arrears Repayment Holiday in the UK?

If you are struggling to keep up with your mortgage payments, a temporary break from repayments may sound like the ideal solution. It could give you time to deal with a drop in income, unexpected expenses or another financial problem without immediately having to find...

Can a Mortgage Lender Take You to Court for Arrears in the UK?

Can a mortgage lender take you to court for arrears? Yes. If you have fallen behind with your mortgage payments and the arrears cannot be resolved, a mortgage lender can eventually take court action seeking possession of the property. However, court action is not...

Can Mortgage Arrears Be Written Off in the UK?

If you are behind with your mortgage payments, you may eventually ask whether the arrears can simply be written off. The short answer is that mortgage arrears are not normally automatically written off just because you are struggling to pay them. Mortgage arrears form...