Tuesday, April 21, 2009
More useless measures.Role up your interest payments? Financial suicide!
A scheme to keep some mortgage borrowers in their homes if they fall on hard times has begun. The Homeowners Mortgage Support Scheme (HMSS) will allow borrowers to defer up to 70% of mortgage interest payments if they lose some of their income. The plan is one of several initiatives that have been launched recently by the government to stop repossessions.