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Increasing access to mortgage rescue schemes [electronic resource]

By: Language: English Publication details: London RICS 2008Subject(s): LOC classification:
  • 306 $2 18
Online resources: Summary: 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.
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Book Virtual Online ONLINE PUBLICATION (Browse shelf(Opens below)) 1 Available 145013-1001

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.