8 Sep

CML welcomes new campaign to help struggling mortgage customers

CML welcomes new campaign to help struggling mortgage customers

A new government campaign which is designed to help those having difficulty meeting their mortgage repayments has been praised by the Council of Mortgage Lenders (CML).

Taking control of the payment worries of struggling borrowers, the initiative aims to deliver three core messages to those with financial difficulties.

These are do not ignore the issue, access help from your lender as soon as possible and never reason that it is too late to seek assistance from them.

Director general of the CML Michael Coogan said that the campaign is helping to encourage people to tackle the problem as soon as they think they may miss a payment.

He added: "Most customers who are committed to resolving their problems and working with their lender can successfully manage their way through a period of short-term payment difficulty and avoid possession."

This news follows the CML's approval of the Treasury Committee's report on mortgage arrears last month.

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