Government Mortgage Help Widened
Published / Last Updated on 04/01/2009
Government Mortgage Help Widened
Interest support for mortgages offered by Social Services when people lose their jobs and are unable to pay mortgages has been extended from £100,000 to £200,000.
In addition, the waiting period before you receive help has been reduced from 20 weeks to just 3 months i.e. 13 weeks.
In addition, 8 of the leading mortgage lenders have joined a new initiative to allow people in difficulty to defer interest payments effectively taking payment holidays and add it to the loan.
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