Increasing access to mortgage rescue schemes [electronic resource]
Increasing access to mortgage rescue schemes [electronic resource]
- London RICS 2008
Document suggests that access to mortgage rescue schemes should be increased, reducing the amount of home owners forced to face the trauma of repossession. The authors posit that current figures for repossessions look likely to worsen and put forward various suggestions to remedy this, including: working with housing associations to purchase properties at risk of being repossessed, with previous owners staying on as tenants or part-owners and the increase of funding from government to allow for such purchases. The authors also suggest that such schemes should be well-advertised, but as a last resort for home owners who have exhausted all other avenues.
Advanced
United Kingdom--
306 $2 18
Document suggests that access to mortgage rescue schemes should be increased, reducing the amount of home owners forced to face the trauma of repossession. The authors posit that current figures for repossessions look likely to worsen and put forward various suggestions to remedy this, including: working with housing associations to purchase properties at risk of being repossessed, with previous owners staying on as tenants or part-owners and the increase of funding from government to allow for such purchases. The authors also suggest that such schemes should be well-advertised, but as a last resort for home owners who have exhausted all other avenues.
Advanced
United Kingdom--
306 $2 18