Sample letter

Ask your mortgage lender to write off your debt (sole name)

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


24 November 2020

Dear Sir/Madam

Account No:

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

As you can see, my outgoings are more than my income and I am experiencing extreme financial hardship.

I would be very grateful if you would consider writing off the outstanding debt owing. I have always taken my financial responsibilities very seriously, but unfortunately my circumstances are so bad that I cannot realistically maintain payments of any kind. I 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 my situation is very unlikely to improve in the future. My continued high debt level may also have a serious effect on my physical and mental wellbeing.

I look forward to hearing from you.

Yours faithfully