Homeowners get help
EAST Devon homeowners struggling with mortgage payments now have support to help them if they fall on difficult times.
EAST Devon homeowners struggling with mortgage payments now have support to help them if they fall on difficult times.
Homeowners Mortgage Support (HMS) enables eligible borrowers who suffer a temporary loss of income to cut their interest payments for up to two years.
This is available throughout the UK and is the latest in a range of measures to ensure that repossession is the last resort.
Secretary of State Margaret Beckett said: "We know that many families are worried about how to pay the mortgage right now, and we're determined to ensure there is real help available for them.
"Today's news is a result of excellent co-operation between Government, lenders, and money advice services.
"On top of the range of measures we've already put in place, this new support will help borrowers who just need a bit more time to get themselves back on their feet.
Most Read
- 1 Exmouth care home launches new grant to tackle loneliness
- 2 Budleigh youngsters impress in their first outing of 2022
- 3 Temperatures drop to -5C in Devon - but how's the weekend looking?
- 4 Live grenade training to resume on Woodbury Common from next month
- 5 Members of South West drugs gang jailed for combined 40 years
- 6 New police station will help address challenges in keeping residents safe
- 7 Plastic Free Exmouth reflect on a busy year for the group
- 8 Exeter vaccine centre at Greendale will remain open
- 9 'Rally for the Raleigh' - plan launched for community to buy village pub
- 10 Cash grants on offer to Exmouth youth support groups
"The clear message to borrowers is to contact your lender straight away if you're concerned about how to pay the mortgage as often a solution can be found.
