Mortgage and Rent Arrears

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MoneyHelper is a free independent service available to customers offering debt counselling, debt adjusting and providing of credit information services.

Published 8th May 2026

Mortgage arrears are a common cause of concern for those facing financial distress. If you’ve fallen behind with mortgage payments, ultimately you could risk losing your home. You need to act quickly, regardless of whether it’s your first missed payment or you’ve missed several. If you don’t, your lender could take drastic action against you as you have failed in your contractual obligation to make your payments on time.

When we provide debt help to individuals across Scotland that are suffering with personal debts, the biggest cause for concern, and questions we are asked, revolve around whether they could lose their home. With the majority of unsecured debts, this is very unlikely but with mortgage arrears (mortgages are secured debts) repossession can be a real threat and your lender can begun court action quickly.

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What help is available when facing mortgage and rent arrears?

Needless to say, nobody wants to become homeless through failing to keep up with mortgage or rent payments but that is a real possibility if the issue persists. If you’re having difficulty paying your mortgage for specific reasons such as losing your job or you/your partner going on maternity leave, for example, it’s important that you talk to your lender as soon as possible and make them aware of your changing circumstances. Some lenders may give you a three-month ‘break’ from mortgage payments or move you onto an interest only mortgage for a short time until you’re back on your financial feet again.

If the matter is beyond repair and no agreement can be made with your lender, you will need to find a way of stopping your arrears from rising while keeping up with your future payments. That means cutting down any other expenditure and prioritising your mortgage payments above all else.

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There are also two potential avenues to explore, depending on whether you qualify:

1. Mortgage to Shared Equity
This Scottish Government scheme allows homeowners who can no longer afford their mortgages, and have at least 25 per cent equity in their property, to reduce their level of secured debt while retaining a stake in the home.

2. Mortgage to Rent Scheme
This scheme is run by the Scottish Government. It involves the property being purchased by a local council or a housing association but you then continuing to live there as a tenant.

What’s important to recognise is your mortgage lender cannot automatically repossess your home, they must follow certain repossession procedures. You still have time to take the right steps; contact Scotland Debt Solutions for free, confidential advice today.

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