Category: Missed Payments and Arrears
Mortgage Arrears: Your Rights and Options Explained UK
What Are Mortgage Arrears? When you fall behind on your mortgage payments, the unpaid amounts are known as mortgage arrears. Simply put, mortgage arrears are the total of any missed payments you owe to your lender, plus any interest or charges that may have built up as a result. Being in mortgage arrears means you…
Rent Arrears: Your Rights and What to Do If You Owe Rent
What Are Rent Arrears? Rent arrears refer to any unpaid rent that a tenant owes to their landlord. This situation arises when a tenant fails to pay all or part of their rent by the agreed date specified in their tenancy agreement. Even a single missed payment can result in rent arrears, which can quickly…
Tax Arrears Explained: What to Do About Unpaid Tax
Understanding Tax Arrears Understanding Tax Arrears Tax arrears refer to unpaid tax payments that are overdue to HM Revenue and Customs (HMRC). When you fail to pay the full amount of tax you owe by the deadline, the outstanding balance becomes tax arrears. This situation can arise with various types of taxes, including income tax,…
