Mortgage Rescue Scheme - help please

bundance

Is the mortgage rescue scheme only available to people who are in employment?

Would my monthly ill-health pension go against me if I needed to look at this option?

thank you

clutton_2

i believe it is open to all.. give them a call... its all in confidence until you agree a purchase price.....

Trollfever

Who can apply for the scheme

To be able to get onto one of these schemes, you will need to show you are at risk of being made homeless in the near future because of repossession by your mortgage lender. You will also need to show that you need to stay in the same area where you live, and that:

• you, or someone in your household is pregnant or
• you have dependant children, or
• you're vulnerable. This could be, for example, because of old age, mental illness or a disability.

You will not be able to apply for either of the schemes if:

• the total amount of annual income in your household is more than £60,000
• you have more than one home
• your home is valued above a certain amount for your area.

As well as meeting these conditions, which apply to both schemes, you will also need to meet some additional conditions, depending on which scheme you apply for. These are described below.

http://www.adviceguide.org.uk/index/your_money/money_management_index_ew/mortgage_problems_index_ew/how_to_sort_out_your_mortgage_problems_index_ew/mortgage_rescue_schemes.htm



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