Posts Tagged ‘change’
Debt charity warns of impending repossessions rise
A leading debt charity has warned that repossessions could increase, despite a rallying of the UK economy.
The Consumer Credit Counselling Service (CCCS) believes that a recovering housing market could make lenders less lenient and more likely to repossess.
The charity is aware that a “large number” of its clients have suspended repossession orders on their homes, [...]
Budget change to Support for Mortgage Interest scheme
Yesterday’s emergency Budget contained a change to the Support for Mortgage Interest (SMI) scheme, which aims to give homeowners in financial difficulties time to find new employment or recover income, without the added stress of potentially losing their homes.
The scheme involves lenders reducing a borrower’s monthly mortgage payments by deferring interest, which can be settled [...]