One or two of you have asked whether this scheme applies to BTL.  In short, 'No' as the scheme is designed to help distressed families "... remain in their homes ...".

Take a look at www.hm-treasury.gov.uk/press but in another nutshell, you must:

• have suffered loss of income
• be in dialogue with your lender
• have a mortgage of no more than £400,000 (before 1st December 2008)
• have savings below £16,000
• apply for assitance
• not be in receipt of mortgage rescue
• pay pre-agreed monthly amount
• have received independent financial advice
• be in arrears

Leave a Comment

Name *
Email (not published)
URL
Code   
(all comments are moderated by site admin)

Submit Comment