Summary
Q I have just been made redundant two years after taking out a 25- year mortgage. I have a bit of money saved, but am really worried that I will not be able to meet the monthly repayments if I can't find another job within the next four or five months. What can I do to save my home? A Under the terms of your mortgage conditions you have to notify your lender of any material change in your financial circumstances.
This is so that any financial difficulties caused by changes in circumstances beyond your control - such as redundancy - can be addressed as early as possible.See the full content of this document
Extract
The Property Doctor
On the presumption that your lender will not want you to get into arrears on your mortgage, or indeed be faced with the need to take possession proceedings against you, ...
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