Housing Minister John Healey has today dedicated an extra £2.5 million to the Government’s campaign to help anyone with mortgage worries to seek advice. He has also extended a Government campaign across the country with a special local push in 86 repossession hotspot areas. Last year, more than 333,000 homeowners have received help and advice with their mortgage.
In announcing the new financial input, Mr Healey said:
“With the pressure on homeowners set to remain throughout 2010 we must keep the Government support in place. Cutting that special help now would put an end to these special efforts now would put more families at risk of repossession.
“So today I am extending the Government’s campaign so people know they can get free impartial and practical advice, both online or over the phone.
“We’ve pulled out all the stops with Government support to help people avoid losing their home. More than 330,000 families have had help and advice with their mortgages over the past year, which is one reason why repossessions are running at half the rate of the last recession.
“I would urge anyone facing money worries not to bury their head in the sand, but to go to our repossessions help website or call the National Debtline to get help in keeping their home.”
Housing Pressure will Continue but Help is at Hand
Despite the positive news, the CML have warned that pressure on homeowners will continue throughout 2010, which is why the Minister has extended the previous campaign. If you need help managing your mortgage payments, the It’s Your Home campaign
will give you the tools you need to prevent your home being repossessed. You’ll also find stories from some of the 330,000 homeowners who have already received help and advice.
Another superb source of help is the National Debtline, you can phone them free on 0808 808 4000 for help and support.
And working with the Government, Citizens Advice offices across the country have run over 100 public events in the “hotspot areas”, so local people have been able to drop in for free mortgage help and advice, with displays and stalls set up everywhere from libraries and supermarkets to schools and hospitals – and even a local zoo.