Mortgage Arrears Allowed

Arrears Allowed Mortgages

Arrears allowed mortgages are mortgages that allow you to miss a number of repayments under agreed conditions.

Missed payments or underpayments are combined and added to the mortgage. They must be repaid over the remaining life of the mortgage, unless the lender agrees with you to extend the mortgage term. Normally lenders will not let the total debt exceed the lending limits of an arrears allowed mortgages.

If you have made any over payments in the past it is not uncommon that your lender will let you underpay up to the amount of any previous overpayments.

For more information on arrears allowed mortgages or to apply for a arrears allowed mortgage please follow the link - Arrears Allowed Mortgages >

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• World of Mortgages is authorised and regulated by the Financial Services Authority. Our FSA registration number is 430499. The FSA do not regulate certain mortgages. The advice and/or guidance contained within this site is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK
• We charge a fee usually 2% of the loan amount with a minimum of £2,999.
• Your home may be repossessed if you do not keep up repayments on your mortgage or other loans secured on it.