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mortgage arrears( re capitlisation)
jase1422
Posts: 14 Forumite
Hi all,
Just thought id let you know that not all mortgage lenders want to reposses your house, I have 2 morgage accounts with the yorkshire bank (dont know why its for the same house) but i have been in arrears with them for over a year paying back small amounts every month. The total arrears now stand at £1320 and £1260. I have been in contact with them constantly and they have been very understanding. They have now suggested that I re capitalise my morgage.This will wipe out any arrears as it will be added to my morgage and repayed over the remaining time. I will be paying less than I am now, an extra £75 a month on each account and I will be back in the black with them.
If anyone else is struggleing to re pay their mortgage arrears maybe you should give this a try.
I find out the payments at the end of next week and if i am happy with them it can be done by the next day.One less debt to worry about.
Just thought id let you know that not all mortgage lenders want to reposses your house, I have 2 morgage accounts with the yorkshire bank (dont know why its for the same house) but i have been in arrears with them for over a year paying back small amounts every month. The total arrears now stand at £1320 and £1260. I have been in contact with them constantly and they have been very understanding. They have now suggested that I re capitalise my morgage.This will wipe out any arrears as it will be added to my morgage and repayed over the remaining time. I will be paying less than I am now, an extra £75 a month on each account and I will be back in the black with them.
If anyone else is struggleing to re pay their mortgage arrears maybe you should give this a try.
I find out the payments at the end of next week and if i am happy with them it can be done by the next day.One less debt to worry about.
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