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Move to halt repossessions
01/07/2023
John Healey has announced plans to set up a new central team to fast track urgent home repossession cases from next month. He defended the government’s effort to help struggling homeowners saying it has put into place help ‘at every step of the way’ and to ensure that lenders can only repossess homes as a last resort. More than a thousand households a month were being helped under the mortgage rescue scheme, the minister said.
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Comments:
I understood that the argument is that the entire mortgage rescue scheme, including receiving specialised advice or’hardship tools’ being offered by lenders, were helping more than 1,000 households. It is the final stage in the scheme - the ‘acceptance’ by the RSL, lender and household of an mortgage rescue scheme offer - that has only lead to helping six households, so far.
Posted by AJ Williamson on Thursday 02 2009 at 12:03 PM
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The announcement by John Healey appears to be factually incorrect as he claims the mortgage rescue scheme is helping more than a thousand families per month.
whereas figues recently released show that accross the country only 6 families have been helped.
Posted by John Humble on Wednesday 01 2009 at 01:12 PM