Prevention is better than selling

Preventing a situation where you are forced to sell your home is even better. If you have a mortgage with NHG and you are temporarily unable to make your mortgage payments in full as a result of unemployment, disability, divorce or death of your partner, you may be eligible for the Mortgage Payment Facility (WLF). The WLF allows you to add your payment arrears to your mortgage so that you have more time to bridge a difficult period in your life.

In order to be eligible for the WLF, contact your mortgage lender. They will determine whether and under what conditions you may use the WLF. Your mortgage lender will assess the maximum amount you are able to pay on mortgage payments with your present income. The part that you are temporarily unable to pay will be added to your mortgage to a maximum of 9% of the total mortgage sum. Once your income has been restored, your mortgage lender will agree a repayment schedule with you.

The WLF is therefore not a ‘mortgage holiday’ but offers you the possibility to bridge a difficult period so that you can stay in your home.