Connells Survey & Valuation (Connells) has signed an exclusive contract to provide property surveys for borrowers helped under the Communities and Local Government (CLG) Mortgage Rescue Fast Track Scheme.
The contract has been secured through Connells' existing partnership with property services provider, King Sturge.The Mortgage Rescue Scheme operates by bringing together local authorities, Registered Social Landlords (RSLs), lenders and debt advice agencies.
The scheme has two elements- shared equity - where the RSL provides an equity loan, enabling householders' mortgage payments to be reduced and Government mortgage to rent - where the RSL purchases the property and the householder pays rent to the RSL at a level they can afford.
Over the next two years, it aims to help thousands of households who are vulnerable to losing their homes through repossession.
Ross Bowen, managing director at Connells Survey & Valuation, said: "We are delighted to being working alongside King Sturge to support the CLG. The Mortgage Rescue Scheme is a landmark initiative and has already started to make a critical difference to a number of the most vulnerable families in the UK."
Andrew Frost, partner at King Sturge, said: "Choosing the right supplier in this key area of our business is more important now than ever. Connells credentials for delivering quality service and their ability to tailor their systems to meet our changing needs is testament to their success".
Source
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment