Struggling with an Expired Mortgage?
Expired mortgages are a growing problem across the UK. In particular, many interest-only mortgages are coming to the end of their term and lenders are refusing to extend them. This is leading to home repossessions.We specialise in helping and advising homeowners in this difficult situation. We are dedicated to finding a solution that will stop the repossession of your home.
How can we help? Request a callback
How We’ve Helped Other Homeowners
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I cannot recommend David Harrison highly enough. He was very professional and knowledgeable throughout the whole process. From the first phone call they were an absolute super star.
Martha Ngara
October 27, 2025Very helpful advice given my term has expired but was given very good advice about my options & time frame
Ian Dunn
September 18, 2025What A Great Gentleman Richard is, absolutely Professional for the work he does. I was googling N244 at 1am in the morning as I was potentially looking at Repossession &... read more
Ajeel Safir
September 11, 2025I was in a low / dark place 18 months ago following some difficult personal circumstances. There were too many spinning plates and struggled to regain control, and faced certain... read more
Andrew Kiely
August 13, 2025 -
Richard was very easy to talk to, it was so reassuring that there are ways to help and he put my mind at rest, looking forward to taking to... read more
David Arnold
August 6, 2025What can I say about HMS,saved me from my property being repossessed on the last minute with the honest advice from Richard very much appreciated these guys are amazing.i called... read more
Gamming Channel
July 30, 2025Exceptional Support During a Difficult Time Homeowner Management Services went above and beyond when I was facing a very stressful situation with an inconsiderate lender trying to take possession of my... read more
Mjr David
July 28, 2025Ben was very understanding and helpful..I would highly recommend this company
Martin Garvey
June 5, 2025 -
Great understanding & very helpful advice on my pending repossession order. Many thanks...
Pam Benton
May 29, 2025Having problems with a possession hearing! Richard was amazing and incredibly helpful and supportive, he even took the time to offer free advice in writing to help me on the... read more
Jonny Worthy
May 28, 2025Ben was amazing and always available at any time of the day. Helped within a few days
Adam Ahmed
May 1, 2025HMS are brilliant.I have used this company a couple of times now and they cannot do enough for you.Richard,ben and david are an incredible team so much knowledge and confidence... read more
Jc S
May 1, 2025 -
I would highly recommend Richard and the term at Homeowner Management Services. They provided invaluable support and advice when I contacted them about my mortgage coming to the end of term. My... read more
Ann Mullins
April 30, 2025We had been given a repossession hearing by the bank which was scary. This would eventually lead to eviction even though we were not behind with our payments. Richard's advice... read more
Dave Wilcock
April 24, 2025Excellent, friendly, professional advice given
Stuart Kelf
April 14, 2025I spoke with Richard today. He not only put me at ease with my situation, but provided me with the next steps for me to take to get a better... read more
Jayne Forsyth
April 14, 2025 -
Excellent advice from David, very helpful, friendly and informative. Helped us with sound advice of how to deal with upcoming eviction or repossession orders. Feel a lot less burdened now. Keep up the... read more
Sam Kamal
April 2, 2025In May 2024 Landmark had started repossession due to the mortgage term expiring. I was totally expecting my house to be repossessed but then I spoke to Richard and the... read more
paula burns
March 19, 20252nd to none service from Richard and team. Swift response with excellent advice & support. Warmest regards. Lee D.
Lee Duke
February 26, 20252nd to none service from Richard and team. Swift response with excellent advice & support. Warmest regards. Lee D.
Lee Duke
February 19, 2025 -
Homeowner Management Services care! I was facing eviction from my home and Richard gave me excellent advice. He provided a legal argument to my case and when the Judge... read more
Rosemary Ebun
February 19, 2025It's been a one year and nine months since I deal with Richard and David they are amazing they keep looking after me what ever my situation but now it's... read more
Maria Cardoso
January 19, 2025the team at HMS what can i say a massive thank you to the team they not only helped me once but twice with repossession orders we owe them... read more
dale williamson
January 19, 2025Just let Richard know,I press one star thinking u pressed all stars, unfortunately it went off and put one star up and did write in my review that it... read more
Jane Hayward
November 19, 2024
My Mortgage is Ending Soon – What Do I Do?
Contact Your Mortgage Lender
This is the first step you need to take. Without a dialogue between you and your lender, there is no chance that your situation will get resolved. Lenders are advised to encourage consumer engagement and allow you to consider your options.
Apply for an Extension
Applying for a mortgage extension is the most obvious solution to an expired mortgage. However, the lender is under no obligation to extend your loan term, even if you have never missed a mortgage payment, or have a large amount of equity, but this can help towards a solution.
Contact HMS
We are here to help at any point in this stressful process. Whether you have been rejected for an extension or your lender has already moved to repossess your property, we will work to find a solution that will keep you in your home. With years of experience and helping hundreds of homeowners with expired mortgages, we will know what to do.
The Interest-Only Dilemma
We have encountered many homeowners who mistakenly believed that their mortgage would not expire as they are only paying interest on their loan. In reality, even though you are not paying off the actual loan, there will still be a date when the contract ends and the whole loan must be repaid.
This is also the case when a repayment mortgage has any arrears outstanding or charges that have not been paid. When the loan ends, the whole amount becomes payable.
Worried About an Expired Mortgage?
The expired mortgage has become a worrying feature of the UK property market in recent years. The term refers to when the time frame your lender has given you to pay off your mortgage debt has come to an end. If you agreed upon a £100,000 interest-only mortgage for 20 years and that time has passed, you will now need to find £100,000 to pay off the capital.
Once the contractual end date for the mortgage arrives, everything changes. The lender now has far more power. To recoup the debt you owe, they will likely take repossession action against you through the court. Even if the judge understands your plea for more time, he will lack the legal authority to intervene unless you have a very specifically laid out defence. We’re here to help.
The Credit Crunch and Interest-only Mortgages
The increasing amount of expired mortgages is largely down to the 2008 credit crunch. In particular, how this financial crisis affected the interest-only mortgage model.
Before 2008, interest-only mortgages were very popular. This was because many lenders did not require customers to prove how they would repay the loan. After the financial crisis, much stricter lending criteria were introduced. Tighter regulation now means that some people who were advised to take an interest-only mortgage are now being refused extensions at the end of their term. Instead, they are being asked to repay the capital. This includes:
- Homeowners with no “repayment vehicle”. You now must prove how you will repay the loan e.g. through the sale of another property, ISAs, endowment policies etc.
- Homeowners with bad credit on their file.
- Older homeowners. Some mortgage lenders will not deal with customers over 75. However, the FCA has relatively recently introduced retirement interest-only mortgages to combat this age-based discrimination.
Available Solutions
Each lender will tackle the expiry of a mortgage differently, and a lot depends on how you have managed your account. By the time they contact us, most homeowners have already been refused an extension of their mortgage term by their lender. Importantly, there is no standard policy on mortgage extensions and lenders are well within their rights to refuse one. The FCA state:
“We recognise that customers are responsible for repaying their mortgages, repayment of the capital at the end of term is a contractual requirement, and that firms are not obliged to offer options at maturity.”
That said, lenders are told to treat repossession as a last resort. They first need to explore all other possible options. HMS can assess the structure of your mortgage and identify what your options are moving forward.
A lot of homeowners do not contact us until the lender has taken eviction action. We have the knowledge and power to stop the eviction, but we cannot help you unless you call us.
Find out more information about the eviction process by clicking on one of the links below
How to Stop Repossession
1. Don’t take emergency finance
Other companies may have misled you into believing that a bridging loan or short-term finance is your best or even only choice. That’s not true. The temporary relief will be short-lived when you are facing repossession for a much higher sum.
2. Don’t accept a quick sale
In desperate situations, you may be tempted to accept a below-market-value “instant cash” offer on your home. Avoid quick sale companies at all costs—they profit from your misfortune. We can provide better options.
3. Get us to help
We can help you navigate through your options. We will force your lender to give you time to make a decision that suits you. Our first step is to assess affordability for you to keep the property long-term. If this is not an option, then we will ensure you speak to regulated finance professionals or have time to sell your property on the open market.
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