Reducing your monthly mortgage payments
This advice applies to England. See advice for See advice for Northern Ireland, See advice for Scotland, See advice for Wales
If you’re finding it hard to pay your mortgage, you might be able to:
- reduce your household costs or increase the money you have coming in
- switch to a cheaper mortgage deal
- reduce your mortgage payments
- reduce payments on a shared ownership property
- change payments on your endowment policy
The cost of living crisis is making it hard to find new mortgage deals at the moment. This means you might not be able to save money by making changes to your mortgage.
You should look at your household budget regularly to see if you can save money in other ways. For more information, take a look at the National Citizens Advice webpage.