If you are worried that you cannot meet your mortgage or home loan repayments, you should contact your lender as soon as possible.
Your lender should treat you fairly, provide advice to help you keep your home, and may be able to -
- reduce your payments for a set period
- charge you interest only for a while, if you have got a repayment mortgage
- give you a 'payment holiday'
- extend your mortgage term to reduce your payments
If you think you will have to leave your home, and are at risk of becoming homeless, you can also -
- contact us
- email homeless@hullcc.gov.uk
- find advice on our website
Support for mortgage interest
If you receive certain income related benefits, you may be able to get help towards interest payments on your mortgage or home loan. This is called Support for Mortgage Interest (SMI).
Repossession
Repossession should be a last resort.
If you are worried about repossession, you can visit -