The mortgage market can be baffling - there are several mortgage companies all offering different deals and types of mortgages. You might be confused about whether to choose an interest only mortgage or repayment mortgage, whether to go for a fixed rate deal or variable rate deal etc. Your Debts Cleared has access to a panel of CEMAP qualified mortgage advisors who are able to give you specialist advice / information with regards to your mortgage needs or general mortgage enquiries.

Our mortgage advisors are able to give advice on a full range of mortgages including:

1. First time mortgages
2. Home mover mortgages
3. Remortgages
4. Buy to let mortgages
5. Commercial mortgages

So if you are unclear about mortgages Your Debts Cleared are to here to help and get you in touch with the right people. Call us now on 0161 839 1544 and speak to a experienced advisor.

Remember your property is at risk if you don’t keep up with your mortgage payments.

• reduce your payments for a set period
• charge you interest only for a while, if you've got a repayment mortgage (usually you pay capital and interest)
• give you a 'payment holiday'
• extend your mortgage term to reduce your payments

Always pay what you can
Pay as much as you can manage every month. Keeping up regular payments (even if they vary) shows that you're committed. Your lender's more likely to treat you sympathetically and you'll minimise the arrears charges too.
You can find more mortgage payment advice from the National Homelessness Advice Service.

Find out different ways in which you may be able to get help if you’re in difficulty with your mortgage payments.

1: Mortgage Rescue scheme

The Mortgage Rescue scheme may help if you are having serious difficulties making your mortgage repayments and are in danger of becoming homeless if repossessed. CLICK HERE FOR MORTGAGE RESCUE SCHEME

2: Homeowners Mortgage Support

Homeowners Mortgage Support (HMS) could help if your household has had a temporary, unexpected drop in income. CLICK HERE FOR HOMEOWERS MORTGAGE SUPPORT

3: Getting help to make your mortgage interest payments

Homeowners on certain benefits may be able to get help towards mortgage interest payments called Support for Mortgage Interest (SMI). Getting help to make your mortgage interest payments

The Financial Services Authority (FSA) regulates most mortgages taken out from this date. Under FSA rules lenders must treat you fairly and send you regular statements to keep you informed about your current arrears position. There are also rules covering what the lender must do if it intends to repossess your home.

• FSA guidance on mortgage arrears (PDF document, 334K) Opens new window
• Help with PDFs

It's very important that you don't ignore any payment problems. Mortgages are 'priority debts', which you should pay off first as your lender could repossess your home and sell it to get their money.

• Work out which debts to pay off first

Your lender can help you work out how much you can afford, but you may prefer to do this
yourself. A good starting point is to write down all your income and outgoings (apart from the mortgage) and see what you've got left. The Financial Services Authority (FSA) has an online budget calculator you can use.

• More on dealing with debt problems

If you've lost your job or can't work because of illness

If you've lost your job or you're too ill to work, check whether you've got 'mortgage protection insurance' to cover your payments. The insurance payments may not start straight away - so contact your insurer as soon as possible.

Benefits that might increase your income

It's worth checking if you're entitled to benefits such as Working Tax Credit, Child Tax Credit or Council Tax Benefit. They can make a real difference to your income and help with your mortgage payments.

• More about tax credits

You can get free independent advice about mortgage difficulties from several organisations. They'll help you work out what you can realistically afford.

Citizens Advice Bureau (CAB)

The CAB offers free, confidential advice face-to-face or by phone. Most CABs also offer home visits and some give email advice.

• Find your local CAB

Your Debts Cleared

Your Debts Cleared is a free, confidential service that gives independent advice about coping with debt. You can get information online or call the helpline on 0800 692 2000. 

If your lender repossesses your home, they'll sell it to get their money back in most instances. But if it sells for less than you owe them, they may want you to pay back the rest of the debt (the 'mortgage shortfall').
This is no longer a 'priority debt', which means your lender can't claim any more of your possessions or assets. But they can try to recover the debt for a long time - up to 12 years. Your Debts Cleared give advice about what to do if you're being asked to make up a mortgage shortfall.

We assess all applications individually and your remortgage will be tailored to your specific circumstances.

Once you have secured a mortgage with a lender, it’s something that you often forget about. However, market conditions change and variations in mortgage interest rates could mean potential savings over the period of the mortgage. It’s good to give yourself a financial health check once in a while to ensure that you are getting the best deals the market has to offer at that time. YourDebtsCleared.com can help review your current mortgage situation and can assist you with mortgage refinancing.

Many homeowners are in the fortunate position of having built up equity in their home as property prices have risen over time as the property market has been buoyant. They may choose to refinance their mortgage for a larger sum so they can undertake home improvements, pay off or consolidate debts, pay for a family holiday or perhaps even finance a wedding.

If you are thinking of refinancing your mortgage and would like our free advice, don’t hesitate to call us free on 0800 682 2000 today and speak to one of our qualified consultants. We will discuss your situation and the options open to you.

Having a bad credit mortgage might no longer be such a big setback. There are many people affected by this and it is often due to circumstances beyond their control. We have a specialist team of mortgage advisors who are here to help you secure a mortgage.

A bad credit mortgage, also known as an impaired credit mortgage, might benefit you if you have been previously declared bankrupt, had arrears on a mortgage, or if you have suffered any other debt problems. Some of these problems may simply be that you have a County Court Judgement (CCJ) against your name. CCJs are the result of non-payment of a utility bill, for example, and it may negatively influence your ability to buy a property.

A few years back, there were only a handful of specialist bad credit mortgage lenders. This has changed over the years and finding a mortgage lender who is willing to deal with someone who has bad credit has become much easier. Now there are specialist divisions within banks and building societies that deal with such mortgages. There are a range of mortgage solutions for you too. Lenders can offer fixed, capped, discounted, tracking and flexible bad credit mortgages and re-mortgages. We shop around for a deal and a rate that will suit your financial situation and the payments you can afford to make each month.

Should you qualify for such a mortgage, also known as non-conforming or adverse credit mortgages, you might find that the interest rate is slightly higher than that of a normal mortgage however, be rest assured that help is available to those who would normally be declined a mortgage.