Feb 21, 2009
Grant Shapps, the Conservative Shadow Housing Minister has launched a Repossession Advice Pack aimed to help home-owners worried about paying their mortgages.
The Pack gives step-by-step advice to households who are concerned that they may not be able to keep up their monthly mortgage payments, and steers people away from making their situation worse.
The number of homes repossessed in the UK rose by 54% last year to 40,000 – and the Council of Mortgage Lenders have predicted that 75,000 families will lose their home this year. The Governmentâ€™s schemes to deal with the situation will only help a tiny fraction of those at risk, and havenâ€™t even fully come into action yet.
Shadow Housing Minister Grant Shapps said: “Tens of thousands of people face the prospect of repossession this year and there will be even more who are privately worried.”
And he stressed, “We wanted to do something really practical to help and so got together with housing, mortgage and debt counselling experts to produce the Repossessions Advice Pack which is now available for download.”
To view the advice pack you can click here