Purchasing a property is often the single biggest financial commitment an individual will take, often they are reliant upon advice provided by a financial advisor, lender or broker.
Unfortunately, in some instances it becomes apparent that the advice given was not suitable and as a result this causes the borrower to suffer financial hardship such as arrears on mortgage payments, property repossessions, or large capital balances falling due at the end of a mortgage term.
The same is also true in instances where home owners have been advised by independent financial advisors to remortgage their property to raise additional funds to service overseas investment properties.
Often individuals will then find themselves in a position of being left with a mortgage debt they are unable to satisfy on a monthly basis, which leads to financial difficulty.
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