The bottom line is that no party benefits if the mortgage agreement defaults. That is why lenders are actually more than happy to help you come to some sort of planning arrangements but it must be a two way street. Lenders can emphasize that life may conjure up the unexpected from time to time. Children , disabilities or the elderly and vulnerable all add weight to a borrowers case and if the proceedings were to be taken to court factors such as these would all be taken into consideration.

In the unlikely event they are unwilling to co-operate and still proceed with court proceedings you will look way more credible to the judge having tried to reach a sensible negotiation beforehand than if you didn’t. The absolute best approach is too have forecast your finances as soon as you felt them bottlenecking realising whether or not you could make the payment, and if not, why not and how you intended to in the future at least. Lenders can arrange payments to be owed later on with increased interest or the option from switch a standard capital & interest rate mortgage to an interest only mortgage.

There are organisations that do not require payment as they are government or charity funded that can also provide you with free advice should your situation look bleak and at the point of despair. For a complete list of them refer to your local CAB (Citizens Advice Bureau or the National Debt Line).

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