Following new guidance issued to local authorities, the “eight week rule” has effectively been halved and can be applied at the beginning of a second month of arrears rather than at the end of the second month.
As with all issues, the quicker one can get on the case of resolving them, the higher the likelihood of success and the lower the financial risk. As always, your local Lenwell team will be happy to talk, in confidence about any individual situations.
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