Government Repossession Help

The Government haves introduced a new service to offer UK repossession help to those who are suffering from mortgage arrears and the threat of repossession, known as ‘Mortgage Rescue’.

The scheme aims to help vulnerable families who are struggling with their mortgage debt. The Government aims is to prevent up to 10% of UK repossessions through £200 million worth of funding.

What does Government Repossession Help Do?

The Mortgage Rescue Scheme aims to help avoid repossession for vulnerable households in two ways:

1. If you cannot afford your mortgage due to the interest rates and do not have negative equity, then you could be eligible to receive a loan from one of your local council’s Registered Social Landlords (RSL), which is to be repaid at an affordable rate.
2. You could sell your home to a RSL who will buy the property at a fair price, and will rent it back to you at a fair and subsidised rent. This means you can avoid Sell and Rent back companies who may not always have your best interests at heart.

If you think that you qualify for the Mortgage Rescue Scheme, then it is important that you get expert help so you are advised with up-to-date information about how the scheme can help you to avoid repossession.

Can I Benefit from Government Repossession Help?

To qualify for the Government Mortgage Rescue scheme, you should have a combined household income of less than £60,000 per year, be a family with dependant children or looking after a ‘vulnerable person’.

Sadly not everyone is eligible for this form of Government repossession help, but that doesn’t mean that you will have to face repossession. There are alternative ways for you to avoid repossession without the need to sell your home.

For more information, please contact us today on 0800 048 1779 or fill out the Quick Enquiry Form for a callback.

The UKRepossessionHelpline.org service is provided by Harrington Brooks Mortgage Help.

Stopping a planned repossession is a complex legal process. There cannot be any guarantees of success. It is NEVER too late to start to oppose the repossession and the sooner you start the better the chance of a successful outcome. To successfully oppose repossession in Court we would always recommend professional legal representation to present your case.