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Legal assistance to keep the banks at bay

Continuing interest rate rises increase the effect of mortgage stress. Although 'stress' is relative to the way in which a person handles a situation, people faced with mortgage stress are well-advised to be proactive about addressing their financial problems rather than leaving it until it is too late.

Unfortunately, anyone who is not proactive about looking after their financial situation and loan arrangements face the prospect of having a bank foreclose on their mortgage and take action to sell their property. If that property includes the family home, then a variety of other issues may arise that affect more than just bank balances, but also personal relationships and wellbeing.

Understanding legal obligations and entitlements under loan contracts and mortgages is vital in being able to navigate through the traps and pitfalls of mortgage stress and dealings with banks or other lenders. People who are unsure of their obligations or entitlements should seek professional advice from their finance broker or lawyer. If you encounter these issues - the greatest disservice that you can do for yourself is to do nothing.

I need help, what should I do?

At PHANG LEGAL, our experienced lawyers frequently assist people dealing with banks and the bank's lawyers in mortgage matters. We also have access to a network of finance brokers and lenders with a variety of products who are able to provide options, alternatives and solutions to people in need.

So if you seek proactive legal services to help you survive the next rate rise or protect you from losing your home, then you must call us on +61 2 9687 8885 to discuss how we can best assist you or visit our website at www.phanglegal.com.au for more information regarding our practice.

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Ern Phang
Solicitor & Public Notary

PHANG LEGAL
www.phanglegal.com.au