How we can help

If you are having trouble paying your mortgage we will always try to help you.

The information below explains how we will support you and the steps you can take to help yourself.

How we can help

If you are having trouble paying your mortgage we will always try to help you.

We will:

  • Contact you as soon as possible to discuss your problems
  • Discuss all available options to see what is best for you
  • Treat you fairly, listening to your individual circumstances
  • Establish the extent of your financial difficulties. This may involve completing an income and expenditure statement with you
  • Give you reasonable time to pay back the debt
  • Ensure everything possible is done to help you keep hold of your property/properties
  • Inform you of free money advice services, especially if you have debts with other providers

What we can do:

  • Arrange a new payment plan with you and periodically review this to reflect your current circumstances (subject to assessment)
  • Change the way you make your payments, or the date you make them on
  • Change the type of mortgage you have, for example temporarily converting your account to an interest-only basis could reduce your contractual payment (subject to assessment)
  • Help you access free, independent and impartial advice 

If we can make one of these arrangements with you, we’ll explain how it would work and give you time to consider it. If we cannot offer you any of these options, we will of course tell you why. We might also agree to you selling one or more properties, depending on your circumstances.

What you can do:

  • Tell us as soon as possible if you’re having problems repaying your mortgage or think that you might experience problems shortly. We want to help
  • Contact our specialist Portfolio Landlords Team if you are a Landlord with a Limited Company Mortgage or if you have 5 or more Buy to Let mortgages with NRAM, Bradford & Bingley or Mortgage Express.
  • Seek free, independent and impartial advice.
  • Make sure you keep any other people paying the mortgage, and anyone guaranteeing the mortgage, up to date with what is happening
  • Keep to the payment plan we agree with you, or tell us if there is a change in your circumstances, which may affect the arrangement
  • If you have an insurance policy such as payment protection, check whether it would help with your payments
  • Tell us if you move to a new address and provide us with an up to date telephone number to make it easier to contact you
How to contact us

Click here for details of how to contact us

If you would like a family member, friend or debt organisation to discuss an account on your behalf please send us authorisation in writing to confirm that you allow this person(s) to discuss your account

Costs and charges

If you fall into arrears with your mortgage repayments, we may charge you. Please refer to the Tariff of Charges and the Tariff of Charges - Arrears and Possession fees for further details.

Legal proceedings

If we cannot reach an agreement on a solution to help you clear your arrears, we may have to commence legal proceedings to repossess your property.  However, this is always treated as a last resort.  If court proceedings are issued, we strongly recommend that you seek immediate independent legal advice and attend any court proceedings.

When a Buy to Let mortgage is in arrears, as per the terms and conditions of these loans, we may appoint a Law of Property Act (LPA) Receiver to manage the property on your behalf. This often avoids the need for us to take possession proceedings.

Whilst acting as your agent, the LPA Receiver has a primary duty to us as lender to service the mortgage in the correct manner. They also have a duty to anyone with a vested interest in the property, such as the owner, the tenant, other charge holders and freeholders.

If your property is repossessed
  • We will obtain two independent valuations of the property and we will sell it for the best price within a reasonable amount of time
  • We will use the money raised from selling a particular property to pay all loans and charges secured against it
  • If there is any money left over, this will go to any other second charges held on the property, or can be set off against any other mortgages you have with us. Only then will the remainder will be transferred to you
  • If there is not enough money from the sale to pay off the mortgage balance, our Recoveries Team will subsequently contact you discuss the outstanding 'shortfall' amount
  • We will take account of your monthly income and outgoings when trying to arrange a suitable payment plan for this shortfall debt with you

If you are experiencing financial difficulties you may think there is no way out and wish to hand over the property keys to us. If you do this, you remain liable for any outstanding debt on your mortgage. Before taking such action, it is important that you discuss this with us first, as we may be able to help you resolve the situation.