Negotiating a payment plan with your current lender

If you have just started to fall into arrears on your mortgage but are now in a position to catch up with the arrears it is a good idea to negotiate a payment plan with your current lender (Always put your proposal in writing and keep a copy of the correspondence). The lender will see that you are a responsible borrower and they should accept your proposition. We would also advise that you explain why you missed the mortgage payments and why it should not occur again. Finally send them an income and expenditure statement, this will demonstrate all your expenses and the total household income finally showing what amount of disposable income you have.

You can download an income and expenditure statement in Microsoft Excel format by clicking on the downloads button at the top of the page or you can click here. If you do not have Microsoft Excel you can download a pdf and then complete the form by hand by clicking here.

If you find it hard to approach your current lender we will gladly act for you without obligation or cost. Simply complete our enquiry form by clicking on the link below. We will come up with a swift response 7 days a week!

The overall cost for comparison is 8.8% APR.
The actual rate available will depend upon your circumstances.
Ask for a personalised illustration.
A fee of £500 is usually charged which is payable on completion.

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