Mortgage crisis series: legal strategies to navigate the challenges

You are not alone if you are struggling with soaring mortgage rates and the cost of living crisis. 

More than 2.4m fixed-rate mortgages are due to expire by the end of 2024, and rates have skyrocketed as the Bank of England's attempts to cut stubbornly high inflation have fed into lending deals. 

With the average two-year fixed-rate mortgage standing at just over 6 per cent, the government has ruled out extra help for UK homeowners struggling to pay soaring mortgage costs.

With many property owners facing massive hikes when their fixed-rate deals expire, the crisis is exacerbated by pressures in other areas, such as rising energy bills and food costs.

Read our mortgage crisis series

If you are exposed to volatile mortgage rates or planning for the future, our article series will help you understand the options to avoid repossession, remortgage, or sell your property.

1. How to remortgage your home: the conveyancing process explained
2. Do I need a solicitor to remortgage?
3. Remortgage or sell? what should you do when your fixed rate nears the end
4. Property repossession: a quick guide to your rights
5. What steps can you take to prevent your home being repossessed?
6. Selling buy-to-let properties: key factors for landlords to consider
7. Selling a buy-to-let property: how can you remove your tenants?

Important note: The information contained in our articles is intended for general guidance only. These articles provide helpful information but are not a substitute for specialist legal advice as they do not consider your specific circumstances.

Expert legal advice for homeowners

We pride ourselves on being a trusted source of legal advice for individuals and businesses when it is most needed. 

Our experienced team of solicitors can offer legal advice for individuals across various areas, such as buying and selling property, remortgaging property, and property litigation. 

Whether you are a first-time homeowner or a buy-to-let landlord with an extensive portfolio, our expert solicitors and conveyancers help you with a range of personal legal services.