| Mortgages are complex. The points highlighted
below are important with regard to mortgages generally and if these
are not understood then your adviser should be asked for clarification.
Payment Difficulties - The consequences of failing to meet the
conditions of your mortgage are serious.
As a last resort your lender may apply for a possession order and
you will also be responsible for the legal and other associated
costs.
If you therefore find yourselves in financial difficulties it is
important you let your lender know as soon as possible. The sooner
you can discuss it the easier it may be to resolve.
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