In Arrears - should I contact the building society.

Hi,

I live abroad, and have rented the property out (without the knowledge of the building society) for a number of years. Having problems with the letting agent and they will not communicate with either me or solicitor letters. The solicitor says the next step is to issue proceedings against them, but I cannot afford for them to do that.

Not been paid off them for 4 months, and the money in my UK account has run dry. The rent was barely covering the mortgage payment, and I cannot afford to pay without the rental income.

Last month I didn't meet the mortgage payment for the 1st time, this months is due this coming week, and I'll not be able to meet that either.

I received a letter from the building society last week about the arrears - they think I still live at the property, I've got mail forwarding set up - which runs out next month.

My question is, should I contact the mortgage company and tell them the full situation?. Getting the building society involved and telling all seems like a good idea. Though, when all is said and done, I wouldn't be able to pay the mortgage if they added the 1 or 2% on top of my mortgage payments for me renting it out - even if they were willing to do this as I'm no longer resident in the UK. So I guess they would end up reposessing. There would be a shortfall of maybe 10-12K - about 1/3 of the mortgage.

Thanks

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