Monday, January 5, 2009
Another day, another desperate throw of the dice (16)
Yup, they are still doing their best to make sure that the priced out generation stays priced out ... "State benefits for homeowners struggling to pay their mortgage after losing their jobs are to be paid more quickly and to more people. The government's Support for Mortgage Interest benefit has been extended to include mortgages up to £200,000 - double the previous limit. The waiting period to qualify has also been reduced by two-thirds to 13 weeks. Eight UK lenders have joined a separate scheme allowing mortgage holders to defer part of their interest payments."