The Citizens Advice is offering free mortgage help and advice to those who are in arrears with their mortgage repayments or who are struggling to keep up with repayments. The CAB saw an increase of over 42% for those coming to them for mortgage advice last year and it is hoped that some homeowners may have been able to avoid losing their homes due to this help.

While advice and help may lead to some homeowners being able to catch up with their repayments sadly for others, this help comes too late and repossession is only a matter of time. If you cannot repay your mortgage arrears, you may wish to look into another option, being able to sell property and rent back.

When you take a buy rent back solution, you are allowed to buy back the property at the price agreed at the time of selling. Paying affordable monthly rent may be a suitable option if you cannot bear leaving your home and it could provide you with the time needed for you to be able to get back on your feet again. However always ensure that you check out the company you are considering selling with to ensure that they are backed by the FSA.