If you are at risk of losing your home, the Mortgage Rescue Scheme is an initiative you should look into. Although this website does not provide homes or loans we have done the research to provide you with the advice you need to save your home from a repossession.

Our first piece of advice is act quickly. Once you are behind in your payments and a lender starts a repossession claim, time is of the essence.

Leeds Mortgage Rescue Scheme

The Mortgage Rescue Scheme in Leeds is called the HomeSave Plus. The Leeds / Harrowgate area has high priced homes, but they are being hit as hard as some of the lower property value areas (see Reference 1). This mortgage scheme works a bit different from those in other areas of the U.K. It does not offer a mortgage to rent option, but offers assistance will selling or paying for the mortgage itself.

Mortgage Arrears Repossession and the Mortgage Rescue Scheme

Are you finding yourself close to being in mortgage arrears repossession? Have you tried negotiating with your lender? There are options, although limited. All lenders have different terms. If you are at least 6 months in back payments you are definitely at risk of repossession.

You can try for a long term homeowners loan, or maybe, even a new mortgage. That might be a difficult since you’re behind already. If you have equity in your home, your lender may listen to what you have to say. You’ll need to explain why you are behind in payments.

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