£200 million 'Mortgage rescue scheme' helps just 1 family.

ad9898_3

Well it certainly helped Labour get some good headlines at the time, unfortunately just like most of their schemes, they are merely headlines.

A LABOUR scheme to help vulnerable families avoid losing their home is today exposed as a sham.


Only one household has been helped by the £200million Mortgage Rescue Scheme since it was launched in January.
This is despite 452 households applying for help in the first three months of the year.

http://www.express.co.uk/posts/view/98190/-200m-mortgage-rescue-plan-helps-just-1-family-

carolt

Very amusing.

carolt

Actually, on second thoughts, not amusing at all.

What a huge waste of taxpayers' money.

Wonder how many individuals are being paid to administer/devise this utterly ineffective, pointless scheme?

boyse7en

Its a disgrace, the government should make it much easier for people to be bailed out of their mortgage commitments with taxpayers money. :rolleyes:

Graham_Devon

David Cameron was banging on at the start of this that it wouldn't work, and has banged on about it quite a bit since.

Gordon just keeps saying it is in process and will help hard working families.

The bankruptcy and repo figures are out today I believe, which could be interesting.

ad9898_3

Brown just keeps lurching from one disaster to another, I mean that youtube video a couple of weeks ago from No.10 was just awful, I mean who looked at that and said 'yep, good to go', quite amazing really.

Wookster

ad9898 wrote: »

Well it certainly helped Labour get some good headlines at the time, unfortunately just like most of their schemes, they are merely headlines.




http://www.express.co.uk/posts/view/98190/-200m-mortgage-rescue-plan-helps-just-1-family-

Now that's what I call value for money :eek:

lostinrates

what has happened to the other 451? Are they bogus claimants or have they been reposessed or what?

Alan_M_2

I'd like to see the same figures for the government EFG scheme for lending to business, which I also feel is a complete and utter scam.

System

The selective quoting is starting to reek of desperation, it seems there are many applications still being processed.

I don't care much either way but the bias is pathetic.

purch

I don't care much either way but the bias is pathetic

I agree.

The fact that the 'article' starts by incorrectly calling it a Labour scheme, rather than what it actually is, a GOVERNMENT scheme proves it is all about Labour and Brown bashing rather than actual News reporting.