Most people need to apply for a mortgage when they’re buying a home. This is a long term loan from a bank or building society. The loan is secured on your home so if you stop paying the bank can repossess the property. You should speak to an independent financial adviser to find out which type of mortgage is best for you.
It’s essential that you get advice and understand your options if you’ve fallen behind on your mortgage payments and you’re worried that your home may be repossessed.