Mortgage Arrears

 

My late wife was a family barrister and was always dealing with families, who through divorce or separation, had severe mortgage arrears and other debts, such as car loans.

She always advised clients to be honest, robust and early with banks and not ignore things until the last minute, when the lender had no choice but to take serious legal action. In many cases her methods resulted in a solution that was acceptable to both parties, because there was time to find that solution.

So whatever you do, if you have debt problems, act early.