Lisa Lealman says she feared she was just “seconds away” from her home being repossessed after falling into tens of thousands of pounds in mortgage arrears.
The 56-year-old from Surrey described the emotional turmoil she went through after her monthly mortgage payments almost tripled on her three-bedroom house, leaving her unable to keep up with repayments.
Mum-of-four Lisa is on an interest-only mortgage, meaning she only pays the interest on the borrowed amount each month, without reducing the principal balance.
Shorts
After her and her ex-husband divorced, Lisa was paying £420 a month in repayments from 2018.
