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Mortgage Rescue Scheme has helped 1200 households stop the immediate threat of repossession, with 276 homeowners having completed the full process since the scheme's launch last year.
Mortgage Rescue Scheme has been put in place by Government to support the most vulnerable homeowners facing repossession to remain in their home. It targets those families with dependent children, elderly and vulnerable groups at risk of repossession (that is, their lender is actively seeking possession of the property through the courts) who can no longer afford their repayments, and who would be entitled to homelessness assistance if repossessed.
Statistics published by Communities and Local Government for the October to December 2009 quarter report 4,310 households approached their local authority with mortgage difficulties and received free advice during this period.
Since the launch of the scheme in January 2009, 15,232 households have approached their local authority and received free advice. Around two-thirds of these households were provided with tailored advice or referred to their lender and/or a money adviser.
Further information about the statistics published on the Mortgage Rescue Scheme is available on the Communities and Local Government website.
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Mortgage Rescue Scheme has been put in place by Government to support the most vulnerable homeowners facing repossession to remain in their home. It targets those families with dependent children, elderly and vulnerable groups at risk of repossession (that is, their lender is actively seeking possession of the property through the courts) who can no longer afford their repayments, and who would be entitled to homelessness assistance if repossessed.
Statistics published by Communities and Local Government for the October to December 2009 quarter report 4,310 households approached their local authority with mortgage difficulties and received free advice during this period.
Since the launch of the scheme in January 2009, 15,232 households have approached their local authority and received free advice. Around two-thirds of these households were provided with tailored advice or referred to their lender and/or a money adviser.
Further information about the statistics published on the Mortgage Rescue Scheme is available on the Communities and Local Government website.
More...
