As part of the package of measures that was announced in the recent pre-budget report, homeowners who lost their jobs are set to get extra help from the government to ensure that they do not lose their homes. Previously, the government covered interest payments on mortgages for those that had been out of work for at least thirteen weeks and could not meet repayments. However, this was up to a maximum of a mortgage value of £100,000. (more…)
Posts Tagged ‘mortgage market’
Extra help for homeowners announced as part of new measures
Thursday, December 18th, 2008
Mortgage market could continue to suffer for another two years
Thursday, June 5th, 2008According to officials from the Building Societies Association the mortgage market in the UK could take another couple of years to rectify, and even then it will never be the same as it has been over recent years, where consumers found it pretty easy to get a mortgage whatever their circumstances, and where borrowing levels and income multiples offered by lenders were very generous. (more…)