looking for Mortgage Debt Advice

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Q. I am in arrears of £6000 with my mortgage company. I was initally in debt for £10000 but have brought this down. But they have sent me a letter toady saying that they are going to go to court to take repossesion of the property. I can pay another £2000 within the next 2 weeks. The reason it went inot arrears was becuase I had not been employed for a while. Can anyone explain what the process is. My mortgage company is called Platform. I am desperate to pay everything of but am self employed. I want to move to a mortgage company who can really help. My mortgage payments per month are almost £2000 and that is interest only. The property is worth £325,000 but i have a mortgage of £270,000. I bought the property at a time when the market was high. We had been renting at the time but this was the cheapest in the area that we could afford. My wife and I had been here for the last 7 years but my father passed away and I inherited some money that I put into a house. I now dearly wish to get with an mortgage company who I can afford. I know my mistakes, but I need some advice. I can pay this off within 2 months

A. _In which case, get expert advice, instead of random suggestions from an open newsgroup! Your first port of call should probably be your local Citizens' Advice Bureau, who provide an excellent, free, debt advice service, and can refer you to specialists, if needed. You could probably also do worse than find, by recommendation if possible, a local solicitor who'll give you a free initial interview with a view to intervening. Meanwhile, remember that what they've sent you is a letter threatening legal action, not a summons. In other words, they've not yet matched the deed to the word. You still have time and options. Act now, and act positively, to pre-empt them. _If you can pay the arrears off within 2 months, I would think it unlikely that they will have arranged a court hearing within that time - they might, but it's unlikely. I also believe that judges definitely dont want to grant possession if there is an alternative. Take some specialist advice, but I would expect that if you have paid this off within 2 months, you should not be in danger of losing your home. If you definitely believe that you can pay it within 2 months, and maintain the monthly payments thereafter, I would write to them advising them of this, and include a schedule of when you expect to be making the arrears payments. As to moving your mortgage - this may be difficult if you have been in substantial arrears, so I would start making enquiries now. _First deal with the immediate situation - Call the Shelter helpline on 0808 800 4444 and see the info. on their website

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