Natwest - Mortgage assistance

Hi all

I have a mortgage with Natwest and unfortunately due to the rising rates fallen back on payments and currently in arrears.  I was assured by the bank that the government is to announce help for people struggling, which they did, however, since I am in arrears the option of a an only interest payment is not available to me!  So it is a catch 22!  Is this the case with all banks for people in my situation?  Thanks

Comments

  • No19v87
    No19v87 Posts: 69 Forumite
    Second Anniversary 10 Posts Name Dropper
    Hi all

    I have a mortgage with Natwest and unfortunately due to the rising rates fallen back on payments and currently in arrears.  I was assured by the bank that the government is to announce help for people struggling, which they did, however, since I am in arrears the option of a an only interest payment is not available to me!  So it is a catch 22!  Is this the case with all banks for people in my situation?  Thanks
    Key thing to do is communicate with Natwest. The second you go silent as well as not paying is when problems with progress.

    Give them a call and go through your situation with them, it’s in their interests to find a solution as well.
  • Altior
    Altior Posts: 939 Forumite
    Fifth Anniversary 500 Posts Name Dropper
    OP, it would be a good idea for you to post on the debt free wannabe board, and get some advice from the experts over there.

    In general terms, your mortgage is a priority debt and that means allowing some other types of debt you may have to fall into arrears if absolutely necessary. 
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350K Banking & Borrowing
  • 252.7K Reduce Debt & Boost Income
  • 453.1K Spending & Discounts
  • 243K Work, Benefits & Business
  • 597.4K Mortgages, Homes & Bills
  • 176.5K Life & Family
  • 256K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.