Thursday, Dec 10, 2009

Propped up, or what??

Telegraph: Just 15 families helped by Government's home owners mortgage support scheme

Increasing numbers of home owners are falling behind on their mortgage payments, with almost 270,000 at least three months in arrears at the end of September this year, compared to 166,000 during the same period a year earlier, according to the Council of Mortgage Lenders. And the number of repossessions stands at one household in every 1,000.
Housing Minister John Healey said: ““Although repossessions and arrears are currently running at half the rate of the early 1990s the risk of repossession will stay high throughout next year. That’s why I have said I will step up Government efforts so families struggling with their mortgages have access to the practical, impartial help and advice they need to take control of their finances.”

Posted by waitingtobuy @ 10:32 PM (1174 views)
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3 Comments

1. paul said...

Good. The government has just about bankrupted the country throwing money at keeping the property bubble inflated. Direct help like this only shields people from the reckless decisions they've made.

Thursday, December 10, 2009 10:42PM Report Comment
 

2. Jimmylad said...

Just add this to the list of failures and false promises that we have had from this woefully inadequate government.

Friday, December 11, 2009 07:44AM Report Comment
 

3. mark wadsworth said...

The number 15 is irrelevant, there must be tens of thousands of "hard working families" (TM, Goblin King) who haven't been repo'd because the govt has told banks that they can't do so any more.

Friday, December 11, 2009 12:41PM Report Comment
 

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