November 20th Government action will help reduce the number of repossessions
Margaret Moran has welcomed the decision of the Housing Minister John Healey to step up Government efforts to help struggling homeowners in Luton get a grip on their finances and avoid the trauma of repossession.
Luton has been identified as a hotspot area considered at greater risk due to levels of unemployment and numbers of court orders for repossessions. As such the government is encouraging people in Luton to seek mortgage help and advice.
Margaret Moran says: “I’m encouraged that the government is bringing in new rules that insist that mortgage lenders must inform the council when repossession actions are started against residents in Luton. This will allow the council to step in and offer advice and help for those most in need. This includes help with mortgage interest payments, the Homeowner Mortgage Support Scheme and in particular the Mortgage Rescue Scheme which is now being offered by the council. This shows that the government is treating repossession as a last resort only. ”
The Government’s campaign will be extended into 2010, giving free and impartial advice both online and over the phone offering help for those families most in need.
Homeowners can go to www.direct.gov.uk/mortgagehelp or call the National Debtline free on 0808 808 4000.
To date, more than 300,000 families nationwide have benefited from a range of advice and support the Government has put in place during the recession.