Section: Home Ownership
Mortgage Rescue Monitoring Statistics
DCLG have published their final quarterly monitoring statistics for Mortgage Rescue.
The 'housing live table' gives information on the number of households that approached local authorities with mortgage difficulties, and applications and acceptances for the scheme.
The scheme had two elements:
- The 'Government Mortgage to Rent' option, which involved a registered social landlord purchasing the homeowner's property, enabling the household to remain in the property as a tenant on an assured short hold tenancy, paying an intermediate rent
- The 'Shared Equity' option, which involved a registered social landlord providing a loan to the homeowner to enable the homeowner's monthly mortgage payments to be reduced.
For more details and relevant downloads, click here.
