Struggling Mortgage holders should
Adrian Coles, director
general of the Building Societies Association (BSA) feels mortgage
borrowers should get help from their building society if they
are suffering financially.
The building society will be happy
to help says Mr Coles, especially mortgage holders who are having
financial difficulties. BSA know people are having difficulties
repayments however all they can do is help people manage their
With high expenses Mr Coles mentions
it is virtually impossible for mortgage holders to carry on.
The general BSA director states that
getting help with mortgage repayment is a main priority at this
time of the year, especially consumers who still need to deal
with their personal loan and credit
"Talking to your building society
is particularly important as further rate rises are still a possibility,"
said Mr Coles stated.
He added, "Not paying your mortgage
can put your home at risk. Building societies want to avoid this
if at all possible."
This week the base rate was increased
by a small amount, 5.5 per cent, the Bank of England have introduced
these increases nearly four times since August 2006.
Free Mortgage Enquiry