Mortgage Cheats Never Win!

It would be nice to think that mortgage cheats never win, on either side of the mortgage market. Unfortunately, it's not true and there are unscrupulous mortgage lenders, and unscrupulous mortgage borrowers who may get away with it. It must be said that most lenders are honest, and those who are termed unscrupulous, are not usually proper mortgage loan providers anyway. There are people that go round knocking on people's doors, offering this and that, who are just out to defraud. So, if you are seeking a mortgage or endeavoring to renegotiate a better mortgage deal, don't be taken in by casual callers.

On the other side of the coin are mortgage borrowers who are not having trouble meeting their obligations, but say they are to secure a better deal under one of the government sponsored schemes. That is not to say that it is wrong for any mortgage borrower to try to obtain a better deal legitimately. However, it is wrong to pretend (lie), to get a better deal that is being made available to assist those in financial difficulties, through losing their jobs or have otherwise suffered financially, because of the credit crunch. For a start government sponsored schemes rely on taxpayer funding, so there have to be rules to deter people from becoming mortgage cheats.

Mortgage borrowers who believe that they qualify for assistance, under one of the government schemes will be required to fill out a form that will spell out the conditions of the arrangement. It is wise to answer the questions honestly, and indeed it is an offence not to do so. Don't let this put you off if you can satisfy the required criteria. There is nothing to fear, and may be much to gain for those experiencing financial hardship under set circumstances. If you are in doubt, about whether you qualify or not seek the assistance of your loan provider, who should be acquainted with the rules and procedures. Just be honest and you can't go far wrong.

You will be required to certify that the information you give on the form is the truth. You wouldn't really want it any other way because we are all taxpayers and you wouldn't want to support anybody who was on the fiddle. Understandably there are penalties for mortgage cheats who tell lies to bolster their own applications. That is only fair, but it is also fair to apply a proportion of taxpayer's money to help people in trouble with their mortgage payments through no fault of their own. Not everybody agrees but unforeseen circumstances can overtake anybody, and when that happens it is good that a degree of help is available.

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