It all depends on the type of arrear payment agreement that you have with your lender. If it is a voluntary agreement, meaning that there was no court hearing involved, there is no danger of you house being repossessed, not right away anyway. It will take some time for the lender to start the legal procedures and get your house repossessed.
What you should do if you find yourself in this situation is to and talk to your lender. Tell them that you cannot make your arrear payments as you have agreed because of some unforeseen change that took place. Make sure you stress the unforeseen nature of your circumstances change which lead to your impossibility to honor your previous arrear agreement.
In the case the lender is hardheaded you can pull the rug from under them and ask for a court hearing yourself. During the court hearing ask the court to create a reasonable repayment plan which you will follow in the future.
The situation is a little more tricky if you are unable to pay the arrear agreement that was instated after a court hearing. What you can do in this situation is ask for a new court hearing in which you will ask for a new arrear repayment plan. You have to prove to the court that you cannot make the payments due to an unforeseen circumstance like a salary cut, increased living bills...
If your claim is valid the court will grant you a new mortgage payment plan with smaller monthly arrear payments. But you should keep in mind that this is a double edged sword. If the court concludes that the already set payments are fair and that you should be able to pay them, you have to pay them no matter what. If you don't your house will get repossesses.
If you want to avoid getting your house repossessed you will have to stay with one step ahead of your lender and take massive action. Use all your persuasive skills that you have. There is also the option of making more money that you should explore while you are taking all the defensive action.
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