Missing just one mortgage payment means your mortgage will be considered ‘in arrears’ – and that’s not good.
A missed mortgage payment will be marked on your credit report and you’ll almost certainly see your credit score go down.
This means you’ll have more difficulty securing other types of credit, such as a loan or other credit card, in the future.
If you miss a mortgage payment, it’s vital you contact your mortgage lender as soon as possible. They’re obliged to treat you fairly and should offer you an alternative payment option.