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What are my options if i cant meet mortgage repayments?

asked by Dwain Lebelle posted 1 Years ago at 6:41
Currently my mortgage repayments are costing me nearly 50% of my salary, plus all my other costs and i can't afford to keep the property any longer. What can I do when there is a small negative equity? I'm worried about the term bancruptcy and what this will mean to me.
1-3 of 3 Answers
ghostface1 answered 1 Years ago at 6:52
Why don't you sell your property, or file a bankruptcy and move to a place you can actually afford to pay!
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Ana Miran answered 1 Years ago at 7:46
Hi Dwain, why don't you approach your mortgage lender first and explain your situation. You might find that they can work out a new repayment plan for you and always better to discuss than just hand the keys back.
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Michael Cowley answered 1 Years ago at 8:41
I think you should contact the citizens advice bureau. Their services are free and they have the experience in dealing with people who are experiencing financial difficulty.

Don't pay anyone to help you, there is free support out there!!

Good luck
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