WHAT TO DO IF YOU CAN’T PAY YOUR MORTGAGE – EXPERT ADVICE ON THE BEST STEPS TO TAKE – IDEAL HOME

Mortgage rates have risen rapidly in a matter of weeks – here’s what to do if you can’t pay your mortgage.

Mortgage rate increases along with rising energy costs and food bills have piled the pressure on household finances. If you’re worried about what to do if you can’t pay your mortgage please don’t suffer in silence, ask for help.

Interest rates on new mortgage deals have been steadily rising since December as the Bank of England continues to push up the base rate to rein in rising inflation. But in a matter of weeks mortgage rates have suddenly shot up following a drop in the value of sterling against the dollar which led to forecasts that interest rates would rise even higher.

What to do if you can’t pay your mortgage

Don’t panic and follow our step-by-step guide:

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