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If the magistrate orders a change to the contract or mortgage, the lender must send you a notice within 30 days of the hearing setting out the new terms of the loan.
Once you have a new payment plan it is important that you make payments exactly as agreed. You must keep your lender informed if you have any further difficulties with the loan, and be aware it would be much harder to renegotiate a loan a second time with the same lender.
It is also more difficult to successfully bring another application for financial hardship before an EDR scheme or court if you haven’t been able to follow a previous agreement.
If you cannot keep making payments on your new payment plan, be aware it is also very difficult to successfully make another financial hardship application before a court.