Sample letter

Ask your mortgage lender to write off your debt (joint names)

Use this letter to ask your mortgage lender to consider writing off the debt.


25 November 2020

Dear Sir/Madam

Account No:

Further to our recent , we enclose a copy of our budget sheet which gives details of our present financial circumstances.

As you can see, our outgoings are more than our income and we are experiencing extreme financial hardship.

We would be very grateful if you would consider writing off the outstanding debt owing. We have always taken our financial responsibilities very seriously, but unfortunately our circumstances are so bad that we cannot realistically maintain payments of any kind. We understand that under the 'FCA Mortgages and Home Finance: Conduct of Business Sourcebook (MCOB)' a lender is not required to recover a mortgage shortfall debt where it is considered unviable to do so. Please take the following special information onto account when making your decision.

As you can see our situation is very unlikely to improve in the future. Our continued high debt level may also have a serious effect on our physical and mental wellbeing.

We look forward to hearing from you.

Yours faithfully