Mortgage Rescue Scheme

poormummy_3

Has anyone yet heard what will happen to those who have gone through the Mortgage Rescue Scheme once their 3 year tenancy has expired?

I sold my house through the scheme, paying the local housing association £16k in return for a 3 year tenancy and 80% rent during that time. Unfortunately nobody - council, housing association, CAB, MP - could tell me what would happen at the end of the tenancy agreement we were given. The housing association said the scheme will have been running 3 years this year, so some people will be coming to the end of their tenancy and we should then be able to find out what has been decided.

Angiepange

Thanks poormummy for starting this thread!

Ok, we were told, as long as there are no problems with rent payments, our tenancy would continue.

Very interested though to hear of others experience.

poormummy_3

If we do get to continue with our tenancies, it will be interesting to see if our rents stay at 80% or whether we are given a 'normal' housing association tenancy with cheaper rents and be entitled to transfer. I contacted our local MP a few months ago about this issue, and he is still waiting for a response from the relevant MP responsible for making the decision.