Saturday, Jun 14, 2008
With mortgage defaults up 17 percent this year, and likely to top 100,000 This could help up to 15,000 people out of difficulty
Reuters: Councils
LONDON (Reuters) - Local councils should offer financial help to homeowners threatened by the credit crunch, an independent think-tank said on Saturday.
(Advertisement)
The New Local Government Network (NLGN), which aims to transform public services, says local authorities should offer entire or part mortgages at below market rate to those struggling to meet mortgage repayments, facing repossession, or first-time buyers unable to get a foothold on the market.
Posted by malct @ 04:27 PM (94 views) Add Comment
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
No comments have been submitted.
Be the first person to add your comment by completing the form below.