Mortgage Debt

When dreams turn to nightmares you need to turn to someone who can help. We've got solutions for all situations.

 

"YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE"
It's a scenerio many people are facing.
DCM Money Solutions can stop repossessions.

The Mortgage Debt burden

Is your mortgage is starting to burden you down? Loss of income or increased repayments? What can you do? It's easy to panic, but stop. Take a deep breath and let's work through it.

First of all, what's the scale of the problem - are you the only one in this boat? Well you're not in a canoe, you're in the company of many people. In fact a cruise liner might not be big enough.

Currently 80,000 people per month are coming off fixed rate mortgages. Many of these mortgages were taken out when rates were low but the jump to current rates is upwards and sometimes by quite a lot. Many households are switching lenders, opting for interest only or even moving house to a cheaper residence to keep costs down. Any of that sound familiar?

All of a sudden the cruise liner is taking the shape of the Titanic. But let's not abandon ship and jump into icy cold water, let's aim for shore. Positive thinking, proactive approaches - we can help steer you, and your house, back on course.

Can we keep you in your house? Yes, we probably can

 

Details to have to hand when you call DCM

• Your mortgage agreement with your payment details, interest rates and any other relevant documentation
• A valuation of your home from two estate agents is ideal and give us more to work on, but a rough valuation based on similar house prices will do initially.
• Details of all your financial commitments from car loans to overdrafts
• Details of all income from benefits to pensions

 

We might not need this information at first, but you'll need to get it together at some stage so get it together anyway.