How to deal with mortgage arrears
Work out priority and non priority debts
Your mortgage is your most important payment each month.
Prioritise your mortgage and arrears repayments over your other household costs and debts.
Priority debts are the most important. Lenders and other creditors have stronger legal powers to collect money for priority debts.
Examples of priority debts include:
loans secured on your home
gas and electricity debts
There are more serious consequences to not paying priority debts. For example, you can lose your home if you don't pay your mortgage.
Non priority debts
Non priority debts include debts such as:
credit card debts
unsecured bank loans
There are less serious consequences if you can't pay these debts. They still affect your credit rating and you could still face legal action if you don't deal with them.
Get help with debt problems
A debt adviser can help you sort your priority and non priority debts.
They can also help you negotiate affordable repayment terms with your creditors.
Last updated: 30 October 2019