Wednesday, December 10, 2008
Mortgage deferal not for BTL, second home or those with savings
People with savings above £16,000 or second homes will not be allowed help from the Government's new safety net for homeowners, it emerged today. Buy-to-let properties and homes with a mortgage of more than £400,000 will be excluded from the scheme. Details of the plan were released by Chancellor Alistair Darling this afternoon as he appeared before the Treasury Committee in the Commons.