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Frank Hovis

Mortgage Rescue Scheme Doubles In Volume

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It has now just helped its second person.

As they say, you could not make it up....

Mortgage rescue plan accepts just two families

The Government has been derided after it emerged that its £285m scheme to rescue families from having their homes repossessed has been taken up by just two households since it was set up at the start of the year.

By Edmund Conway and Angela Monaghan

Last Updated: 7:43PM BST 29 May 2009

The Department for Communities and Local Government said that in April 139 households applied for help in avoiding repossession but that only one successfully received the support. However, this single acceptance doubles the tally of those accepted by the scheme, which had been aiming to help 6,000 families avoid losing their homes. Some 75,000 are expected to face foreclosure this year, according to independent estimates.

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