Thursday, October 15, 2009

Government help for struggling homeowners

A new campaign has been launched to highlight the government support that is available to homeowners. This includes the Homeowners Mortgage Support Scheme which enables those who hit hard financial times to defer interest payments for up to two years while they get their family finances back on track.
Michael Foster said:
“Over 300,000 people across the UK have so far have received help and advice in paying their mortgage since April 2008 which is fantastic news.
“I have often met with constituents who face losing their home and I know it is one of the most frightening experiences for people. Thankfully there is a lot of help out there and I want the people of Hastings and Rye to be aware of that. The worst thing people can do is bury their heads in the sand.
“If you want help regaining control of your finances the best place to start is the National Debtline on 0808 808 4000. They offer impartial advice, real life examples of people who have already benefited from support, and can help you develop a personal action plan tailored to your particular circumstances.
“This action stands in contrast to the lack of action taken by the Conservative Government during the last recession, who did nothing to help families facing the threat of repossession.
"Today the Conservatives have changed their words but not their actions. They are happy to advise people to take up the help that Labour has introduced - but voted against the funding to pay for key measures like our increased support for mortgage interest."


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