- UK Mortgage Rescue: Government Pre-Repossession Programs
- Having Trouble With Your Mortgage: Apply For A Crisis Loan
- FirstBuy Scheme: How To Register And Benefit From This Mortgage Program For First-Time Homebuyers
- FirstBuy Scheme Pays For Up To 20 Per Cent Of Your First Home
- Mortgage Rescue Scheme Update: March 2011 Changes to the Scheme
- Mortgage Rescue Scheme: Latest Mortgage Rescue Scheme Statistics Released
- Welsh Mortgage Rescue Scheme: Eligibility Guide
- Welsh Mortgage Rescue Scheme: A Brief Guide
- Mortgage Rescue Scheme: Steps To Avoid Repossession
- Mortgage Rescue: What To Do To Avoid Repossession
http://www.direct.gov.uk/en/Rss/Rss?Feed=DG_181536
Homeowners who are claiming certain benefits from the government may also be able to claim for help on the interest payments of their mortgage. The name for these benefits varies depending on your area or local council. Programs called “help with housing costs” or “Income Support Mortgage Interest” or similar names refer to the same programs. It is important to note that ISMI benefits will not help you pay the mortgage or loans you have, just the interest on them. The rate used to calculate the benefits for ISMI is based on the Bank of England’s average mortgage rate.
Mortgage Rescue Scheme: Scotland
30/11/10
Housing laws vary between England and Scotland so it is important to get reliable information that applies to your area.
Scotland has has a scheme similar to England’s Mortgage Rescue Scheme in place since 2003. This program offers Scottish homeowners facing foreclosure or repossession the option of selling their home to a housing association and stay in their home as tenants. The value of the house is used to pay off the homeowner’s mortgage and any late payments still pending.
The housing rules for England do not always apply to Scotland or other regions in the United Kingdom.
If you are at risk of losing your home, the Mortgage Rescue Scheme is an initiative you should look into. Although this website does not provide homes or loans we have done the research to provide you with the advice you need to save your home from a repossession.
Our first piece of advice is act quickly. Once you are behind in your payments and a lender starts a repossession claim, time is of the essence.
Ways of Helping You with Having to pay Your Property finance loan
There are lots of ways in which you may get help to pay your mortgage loan.
This help can be from the home owner loan lender, any insurance policies you might have and the Department for Work & Pensions (DWP)
Your home loan financial institution may offer some kind of ‘Rescue Scheme’ whereby they purchase back your house or part of it. As a result of this you become a tenant or part tenant.
Do I Qualify For SMI?
06/09/10
Do I Qualify For SMI?
Some people wonder whether they qualify for SMI or not. One of the best ways to know this question is to examine exactly what SMI is and how it is used. SMI is reserved for homeowners who receive income related benefits. This will help them get qualified for mortgage interest payments. SMI is short for Support for Mortgage Interest.