If you're missing mortgage payments, it's a fair indication that your finances are in trouble. You may have built up some credit or store card debt and have other loans or finance agreements that you're having difficulty paying.

Why missed mortgage payments are serious

The difference between missing your credit card payments and missing your mortgage payments is that your mortgage lender can take away your home. Each lender has a different way of measuring how many payments you need to miss before starting repossession proceedings, but at some point, if you keep failing to pay, your lender will start the process that lets it take your home from you. This is extremely serious and will affect you and your family in the short-term and the long-term; disrupting work and education and even leading to health and relationship problems.

How to solve the problem

Getting further and further into debt will only make matters worse. If you ignore the letters that your lender sends you, and fail to get in touch with them to let them know what's happening, they will assume that you have no interest in paying the loan back and they will look for ways to recover their money as soon as possible.

You can catch up with your missed mortgage payments, or pay back your mortgage altogether if you sell your home. This may seem like a strange option, especially if you are trying to avoid losing your home to your mortgage company, but at Discount Property Auction, we have a way of selling your home that lets you get out of debt and stay exactly where you are.

Our solution is based around selling your home through an online property auction. We can provide a fair and accurate valuation for your home, and you can upload all your property's details straight onto the auction site. Buyers, including professional property investors, register with us so that they can view the range of houses for sale and bid on the ones that attract their attention. Once the sale is complete and you have the cash, you can pay off your mortgage straight away – or you can just ask your buyer to transfer the relevant amount to your lender so that your account is cleared.

Best of all, you may find that you can sell your home to a property investor who wants to let your property out – in which case you could stay in the house as a tenant. For people who have missed mortgage payments and need to sort out their finances, the Discount Property Auction solution is ideal.

If you need to sell your home to sort out your mortgage payments, contact us at Discount Property Auction. We're committed to helping you, whatever your circumstances. If you want to sell your home, you can use our dedicated online auction facility, which allows you to upload your property yourself and put it in front of genuine, interested buyers. Call us now on 0800 1313 999 or email admin@discountpropertyauction.co.uk to arrange a valuation today.