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Mortgage Rescue Scheme

Wychavon District Council is urging the growing number of households facing difficulties in meeting their mortgage repayments to contact them.

The Government has introduced a new scheme called Mortgage Rescue, which will help homeowners who have exhausted all options provided by their lender to stay in their home.

The scheme is designed to help families, the disabled and the elderly with a home valued at around £160K and household income of less than £60k per year. There are 2 options available - shared equity or government mortgage to rent.

Elaine Salter, Housing Services Manager, said: "Helping residents during the recession is a major priority for us and l would encourage anyone who is having problems paying their mortgage and who has exhausted all options with their lender to contact us on 01386 565020 or housingneeds@wychavon.gov.uk. Don't hesitate to ask for advice and find out if we can help at this stressful time."

Residents and businesses are also encouraged to visit http://www.wychavon.gov.uk/,and then go to the Wychavon Strikes Back section of the site for further information on coping with the recession.

Grass House

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This page was last reviewed 22 October 2009 at 9:55 by Wychavon Admin.
The page is next due for review 20 April 2010.