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A Government scheme to stop families losing their home has helped just one household since its launch in January, figures showed today.
The £200million Mortgage Rescue Scheme aims to protect the most vulnerable homeowners by enabling them to sell all or part of their property to a registered social landlord.
But although 284 households applied for the scheme over January and February and a further 168 last month, only one has so far been helped, the figures show.
Liberal Democrat Shadow Housing Minister Sarah Teather said: 'Tens of thousands of families will face the misery of repossession and homelessness this year but the Government's scheme has helped just one household.
'This is an appalling failure by a Government that is more interested in headline-grabbing than in helping families through the economic crisis.'
The scheme, which the Government said should help 6,000 people over two years, was first announced in September last year and was launched on January 15.
Figures showed that a total of 1,104 households approached local authorities about mortgage difficulties during March, of which 407 were deemed to be in a priority need category because they had young children or were elderly or infirm.
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The scheme is part of a package of measures put in place by the Government to try to help people stay in their homes if they run into problems paying their mortgage.
But the Government's Homeowner Mortgage Support Scheme, under which people who lose some of their income can defer a portion of their interest payments for up to two years, has also been criticised for taking too long to set up.
The scheme was first announced in December but only became available to homeowners with certain lenders this month. The Conservatives claimed that a total of 28,000 families have lost their homes during this period.
The Council of Mortgage Lenders has estimated that repossessions will soar to 75,000 this year, up from 40,000 last year, itself the highest figure for 12 years.
A Government scheme to stop families losing their home has helped just one household since its launch in January, figures showed today.
The £200million Mortgage Rescue Scheme aims to protect the most vulnerable homeowners by enabling them to sell all or part of their property to a registered social landlord.
But although 284 households applied for the scheme over January and February and a further 168 last month, only one has so far been helped, the figures show.
Liberal Democrat Shadow Housing Minister Sarah Teather said: 'Tens of thousands of families will face the misery of repossession and homelessness this year but the Government's scheme has helped just one household.
'This is an appalling failure by a Government that is more interested in headline-grabbing than in helping families through the economic crisis.'
The scheme, which the Government said should help 6,000 people over two years, was first announced in September last year and was launched on January 15.
Figures showed that a total of 1,104 households approached local authorities about mortgage difficulties during March, of which 407 were deemed to be in a priority need category because they had young children or were elderly or infirm.
More...
- Average house price falls to £151,000 with no end in sight to property slump
- Race is on to tempt first-time buyers as banks offer new mortgage deals
The scheme is part of a package of measures put in place by the Government to try to help people stay in their homes if they run into problems paying their mortgage.
But the Government's Homeowner Mortgage Support Scheme, under which people who lose some of their income can defer a portion of their interest payments for up to two years, has also been criticised for taking too long to set up.
The scheme was first announced in December but only became available to homeowners with certain lenders this month. The Conservatives claimed that a total of 28,000 families have lost their homes during this period.
The Council of Mortgage Lenders has estimated that repossessions will soar to 75,000 this year, up from 40,000 last year, itself the highest figure for 12 years.
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