Mortgage and Rent Arrears FAQs

Your rent should be considered a priority within your monthly budget, but if you do fall into arrears with your landlord, you could be at risk of eviction if you do not act.

If you have rent arrears, then your landlord may try to have you evicted. This is referred to as ‘seeking possession’ and requires a court order. It is against the law to try and get you to leave your home without going to court first.

If you find yourself struggling to pay your mortgage repayments and you fall behind, then you have fallen into mortgage arrears. How long will you be allowed to stay in arrears?

The answer to this will largely depend on your lender. Some lenders are stricter than others…

If you are unable to pay your mortgage, then eventually your lender will repossess and sell your property to realise its value. If you have had your property repossessed then you may find that, once the property has been sold, you may still owe money to your lender or mortgage indemnity insurer.