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What are mortgage arrears?

April 26, 2017arrears mortgage

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What are mortgage arrears?

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If you fail to make the monthly repayments on your mortgage you will go into arrears. If you do nothing about this your Mortgage Arrears will eventually lead to your mortgage lender applying for Repossession Order from a court, so that they can serve an Eviction Notice. If you have mortgage arrears then it is essential that you deal with them straight away and make this your priority.