Treasury launches mortgage debt help |
09 2008 |
| Things have got so bad for mortgage borrowers that the Treasury has launched a £10 million package aimed at helping them through these difficult times. Alistair Darling has revealed that the money is to be made available for borrowers to have more access to debt advice. Citizens Advice staff will receive additional training as part of the scheme. However, the move highlights the problems faced by many homeowners and suggests that many people may find it makes financial sense to rent rather than buy. "It is clear from speaking to consumer groups and the mortgage industry that borrowers may be concerned about the impact of the current market conditions on their mortgages," said Mr Darling. "That is why it is vital that the government, working with industry, offers as much support as possible both directly to those people and to the consumer advice groups who can help them in their day-to-day lives," he continued.  |
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