Self Cert Mortgage, help form the DWP

If you suffer from mortgage arrears or you worry how you can pay your priority debts your self cert mortgage, or secured loan, or wonder how to stay out of bad credit then you need to sit down and take stock of your situation. Do not put off looking at what you owe and how you are managing your repayments. IF anything is amiss then it will get worse exponentially if you are not careful.

Make a list of everything you owe, all your debts and bills all in one place. Write down your monthly expenditure, this is what you have to pay out each month to keep in the style you choose. For instance this would include your monthly repayments on bills, cards, secured loans, self cert mortgages, but also things like food, fuel, living expenses and such like.

To keep out of mortgage arrears and bad credit you need to live within your means. So make a list of how much you have coming in each month. This may include a percentage of annuities, wages, bonuses or commission. You could also include benefits from the Department for Works and Pensions (DWP). You should also check your agreements for your secured loan to see if it can protect you for a while from bad credit.

You may be able to claim benefits if your income is too low. This can include Income Support top up, Working Tax Credit or a form of disability benefits based on the circumstances of yourself or your children or partner. You can use this money towards your self cert mortgage which may help with any mortgage arrears situation. If you are getting Income Support or Job Seekers Allowance then the DWP will pay some of the interest on your mortgage. You will have to complete a Housing Costs form to qualify for some help. The interest the DWP pays is at a fixed rate. This may not match what you are being charged by the lender so you will have to make up the shortfall when calculating what you need to pay, including any existing arrears.

We can not promise you a Mortgage BUT we will listen no matter what your circumstances are.

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Actual rate available depends on circumstances ask for personalised illustration. The overall cost for comparison is 7.9% APR. Our representative fee charged is 1.25% of amount borrowed. APR variable and based on a usual case.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE