Teletext Recovery - 30/08/2003

P545 Teletext 545 Aug30 21:11:25    ——————————————————————————————————————— HOW TO TACKLE MORTGAGE ARREARS Falling behind with mortgage repayments can lead to your home being repossessed — a traumatic prospect for homeowners. Your most important move if you are in money straits is to contact your lender and tackle the problem directly, says a new guide by housing charity Shelter and the Building Societies Association. Its free booklet offers a step-by-step approach to clearing your debt and regaining peace of mind. ——————————————————————————————————1/6—— by Tanya Jefferies FED UP WITH DULL BEEPS? GET GREAT TEXT TONES @ p659 Cards&loans Holiday £ Mortgage Racing

P545 Teletext 545 Aug30 21:22:11    ——————————————————————————————————————— HOW TO TACKLE MORTGAGE ARREARS Guide to tackling mortgage arrears: ■ Contact your lender straight away. ■ Be honest about your finances. ■ Work out a budget to repay all debts, including a mortgage repayment plan. ■ Regulate your finances to meet the plan, and review it if necessary. ■ Call Shelter for independent advice. ——————————————————————————————————2/6—— Unit Trusts have moved to C5 p165-169 CHECK YOUR SHARE PRICES p520 Cards&loans Holiday £ Mortgage Racing

P545 Teletext 545 Aug30 21:21:10    ——————————————————————————————————————— HOW TO TACKLE MORTGAGE ARREARS Housing charity Shelter urges people in mortgage arrears to contact their lender and tackle the problem head-on. But its guide, issued jointly with the Building Societies' Association, admits the process of dealing with a lender may not always run smoothly. If you can't agree a repayment plan, or your lender is taking you to court, get independent advice from a body like Shelter, which can negotiate for you. ——————————————————————————————————3/6—— www.shelternet.org.uk NEW! Follow Unit Trust prices on Teletext. Go to p548 for details Cards&loans Holiday £ Mortgage Racing

P545 Teletext 545 Aug30 21:10:27    ——————————————————————————————————————— HOW TO TACKLE MORTGAGE ARREARS The number of homeowners in mortgage arrears has fallen 53% in the past five years — but there were still 110,000 in difficulty in the first half of 2003. Shelter policy manager Jim Bennett says low unemployment and a low and stable interest rate environment mean less people have trouble with repayments. Those most at risk are the unemployed, self-employed, lone parents, first-time buyers and people who become ill. ——————————————————————————————————4/6—— Unit Trusts have moved to C5 p165-169 CHECK YOUR SHARE PRICES p520 Cards&loans Holiday £ Mortgage Racing

P545 Teletext 545 Aug30 21:11:33    ——————————————————————————————————————— HOW TO TACKLE MORTGAGE ARREARS Admitting you have a problem repaying your mortgage does not automatically mean you will lose your home, stresses the Building Societies' Association. "Building societies do not want to repossess people's homes and will do everything they can to reschedule payments," says spokesman Adrian Cotes. "During that first call to the building society, it is important the customer is totally honest." ——————————————————————————————————5/6—— Check your holiday spending power 547 NEW! Follow Unit Trust prices on Teletext. Go to p548 for details Cards&loans Holiday £ Mortgage Racing

P545 Teletext 545 Aug30 21:20:12    ——————————————————————————————————————— HOW TO TACKLE MORTGAGE ARREARS The Government will help with interest payments on your mortgage if you are in difficulty, but much depends on when you took out the loan or remortgaged, says the Council of Mortgage Lenders. ■ Loan before October 2 1995: no help for eight weeks, then 50% of eligible interest for next 18 weeks and 100% thereafter. Mortgages up to £100,000. ■ Loan after October 2 1995: no help for first 39 weeks, then 100%. ——————————————————————————————————6/6—— Unit Trusts have moved to C5 p165-169 CHECK YOUR SHARE PRICES p520 Cards&loans Holiday £ Mortgage Racing

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