Saturday, May 30, 2009

Mortgage Rescue Flop

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. According to the DCLG, more than 1,000 families had approached local authorities with mortgage difficulties each month, but many did not qualify for the scheme, which is designed to target those who would usually qualify for homelessness support.

Posted by alan @ 08:17 AM (1065 views)
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4 thoughts on “Mortgage Rescue Flop

  • stillthinking says:

    Two more than expected.

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  • As usual, typical Labour spin. I think I will put a banner up outside my house at the next General Election:

    “New Labour – same old B*ll*cks”

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  • don’t worry – it will look like an amazing success by the 2012 olympics.

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  • Is the reason this is failing because to qualify as homeless you can’t own a home. If you don’t own a home then how can you be repossessed.

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