Wednesday, March 5, 2008
Government Tampering to Underpin HPI?
Better safeguards need to be put in place to help protect the growing number of people who are at risk of having their homes repossessed, a charity believes. The Joseph Rowntree Foundation is calling for a new insurance scheme to be set up to help people who are unable to keep up with their mortgage repayments. Thousands at risk of losing home. The group is proposing a Sustainable Home Ownership Partnership (SHOP) to cover total mortgage repayments for 10 months if homeowners are unable to work. Will this be announced the next budget?