There have been calls for the government to extend the homeowners safety net to help those struggling with their mortgage repayments into 2010 as the economy continues to struggle. It is thought that without the safety net in place many more may continue to lose their homes during the New Year.

The Citizens Advice cannot stress enough how important it is for those suffering with mortgage problems to get in touch with their lender as soon as possible. By doing so, you may be able to reach an agreement and avoid repossession of your home.

However if you are faced with the possibility of losing your home to repossession and cannot catch up on missed mortgage repayments you may wish to give some thought to being able to sell property rent back with companies offering a sale and rent back agreement. They buy house rent back to you for what may be a more affordable monthly payment, however bear in mind that you can only rent back for a fixed period of time. If you decide this may be a suitable option for you to avoid home repossession you can apply online with an ethical company offering a sale and rent back agreement.