Losing a job is a challenging experience, and managing a mortgage during this time can be daunting. The first step is to assess your financial situation and create a budget based on any savings, severance, or unemployment benefits. Contact your lender as soon as possible to discuss your situation – they may offer temporary relief options such as a repayment holiday or interest-only payments. Additionally, explore government assistance programs that may be available to you. It’s important to keep communication lines open with your lender and seek financial advice to explore all available options. Staying proactive and informed can help you manage your mortgage and avoid unnecessary stress during this difficult period.
Blog
10 March 2025