Just one household has been helped by the heavily-headlined Mortgage Rescue Scheme, the Government has had to admit.
In March, 1,104 households approached local authorities about the scheme. Of these, 407 were facing repossession or were classified as being at risk. There were 168 actual applications for Mortgage Rescue.
However, only one application – from a household in the eastern part of England – went through.
The figures were released yesterday.
The scheme was initially launched in January, but was launched again after it was recognised that the complicated rules about the kind of help on offer and eligibility were poorly understood. The scheme is administered by local councils and includes debt counselling and the possibility of a registered social landlord stepping in to take over the mortgage – a ‘Government mortgage to rent’.
Sarah Teather, Liberal Democrat Shadow Housing Minister, said: “Tens of thousands of families will face the misery of repossession and homelessness this year, but the Government’s scheme has helped just one household.
“This is an appalling failure by a Government that is more interested in headline-grabbing than in helping families through the economic crisis.”
Oly one household gets help under government scheme
01 May 2009
Comments
Maybe only one public family was aided by this scheme, but think of the hundreds of MP families that are helped with their second homes. not all government schemes are designed to help nobody.
shocking.....another nail in Labours coffin.
It was me !!!- underemployed hard up surveyor facing repossession on £500,000 mortgage - how I love Gordon
Even when smothered in tax payers money, the public sector are completely incapable. I bet their index-linked final salary pensions are well administered though.