Homeowners who are experiencing difficulties in repaying their mortgages should be active and seek advice from their lenders, according to the Council of Mortgage Lenders (CML).

Bernard Clarke, communications manager at the CML, explained that borrowers who were facing payment problems would get expert advice from lenders who would attempt to come up with a solution.

"If they are in difficulties and considering those options, what may be more helpful for them is to seek advice either from agencies like Shelter that may be able to help them and also to talk to the lender directly," he added.

Mr Clarke went on to suggest that interest rates are likely to remain at low levels for the foreseeable future and that should there be any rises, it would be modest and slow.

"Lenders and borrowers should continue to benefit from what will remain low interest rates by historical standards," he concluded.

A self storage unit is a benefit to homeowners who find that their homes are cluttered with possessions.

Posted by Paul Governor

Looking for storage in the North West? Contact us free on 0800 444 800 now.

http://adferoreporters.blogspot.com/2012/01/cml-struggling-homeowners-urged-to-talk.html

Posted by Fiona Mayers