mortgages

[paddy20]

will the mortgage firm help if you are struggling with your mortgage ?

[bednobs]

help you in what way?
If the situation is temporary, they may accept smaller payments for a while or a payment holiday (if you have a flexible mortgage) You may be able to get help from the government to pay the interest

[WoWo]

The last thing a mortgage company want's to do is repossess, not out of the goodness of their harts but because over the lifetime of the mortgage they will be making loads of money out of it.

The best course always when you have trouble paying the mortgage is to tell the mortgage company as soon as possible, as bednobs says they can help out if the situation is temporary and are far more reasonable if you are up front and honest about the situation.

So the answer to the question is generally yes, but of course will very much depend on the circumstances.

[DONNA1458]

Some lenders do put your mortgage to interest only if you are finding it hard. Best action is to speak to them asap face to face.