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Brown unveils mortgage aid



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Published Date: 02 September 2008
GORDON BROWN was today unveiling a mortgage rescue scheme to help people facing repossession stay in their homes.
Under the scheme, vulnerable families who are no longer able to keep up with their mortgage repayments will be offered the chance to sell their home and rent it back, or to enter into a shared equity or shared ownership scheme on the property.

The move is one of a series of measures being announced today to help hard-pressed homeowners and those struggling to get on to the property ladder in the current economic climate.

The Government is also introducing a shared equity scheme for first-time buyers and it is boosting the money available for affordable housing schemes.





The full article contains 122 words and appears in Edinburgh Evening News newspaper.
Page 1 of 1

  • Last Updated: 02 September 2008 9:26 AM
  • Source: Edinburgh Evening News
  • Location: Edinburgh
  • Related Topics: Mortgage and property news
 
1

Tynietiger,

02/09/2008 13:52:58
Article should make it clear that this is a belated copy of the SNP initiative announced two weeks ago.
2

The Former Mr. Angry,

Perth 02/09/2008 18:01:23
Both initiatives being doomed to failure. Nuts.
3

Richard Lionheart,

02/09/2008 22:22:29
“It Waesne me a big boy in another country did it and ran away!”

Time for GB to get on his bike. The only Gold we had GB sold it for not a lot
4

CITEZN RAY,

EDINBURGH 03/09/2008 13:19:37
ALL VERY WELL HELPING PEOPLE WITH MORTAGE PROBLEMS
BUTIS GORDON BROWN FORGETING THE PEOPLE WORKING ON
LOW INCOMES THAT DON`T QUALIFY FOR GOVERMENT HANDOUTS
THAT ARE STRUGGLING TO PAY RENT

 

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