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Developing safety nets for home-owners [electronic resource]

By: Contributor(s): Language: English Publication details: York JRF 2008ISBN:
  • 9781859356432
Subject(s): LOC classification:
  • 332.632 $2 18
Online resources: Summary: Describes a recommended framework for the greater measures aimed at mitigating risk of repossession for homeowners. During the early 2000s home repossessions fell to very low levels, but recently there has been a marked increase. Current financial safety measures are known to be inadequate. Proposes the Sustainable Home Ownership Partnership (SHOP), a levy system to pool funding for borrowers to access in clearly defined circumstances. Sets out a structure for SHOP and recommends it should be compulsory for new borrowers and those who remortgage. Sets out the degree of regulation recommended in the system. Details suggested payment rates.
Holdings
Item type Current library Call number Copy number Status Barcode
Book Virtual Online ONLINE PUBLICATION (Browse shelf(Opens below)) 1 Available 142779-1001

Describes a recommended framework for the greater measures aimed at mitigating risk of repossession for homeowners. During the early 2000s home repossessions fell to very low levels, but recently there has been a marked increase. Current financial safety measures are known to be inadequate. Proposes the Sustainable Home Ownership Partnership (SHOP), a levy system to pool funding for borrowers to access in clearly defined circumstances. Sets out a structure for SHOP and recommends it should be compulsory for new borrowers and those who remortgage. Sets out the degree of regulation recommended in the system. Details suggested payment rates.