Mortgage Problems

[Rockabillyrebel]

I have 2 small mortgages which are jointly costing me around 600€ PM due to the drop in stirling and the greatly reduced value of some shares I hold in the uk I am finding it difficult now to meet the payment I went to the bank to ask them to extend the time left on the mortgage so that the monthly payments could be reduced but they want over 200€ on each loan to be able to do this which we cannot afford to do, is their another way of reducing the monthly payment without incuring up front payments also if I just go ant tell them I can only pay less than I am now what would be the consequence for me. Thank You

[Expert advisor]

Mortgage problems

You can ask for an interest only mortgage to reduce the monthly charges during the term you think that the economic problems may last.