Abacus Daily Debt News

Government to provide repossession help

Those affected by possible repossessions will be able to continue to go to the government for help.

According to housing minister John Healey, support for homeowners has been extended and the Citizen’s Advice Bureau is also to receive funding so that it can hold local events around the UK to offer those in difficulties with in-person counsel.

Mr Healey urged anyone in such situations to contact the government’s helpline and website.

"We’ve pulled out all the stops over the last year to help struggling homeowners take control of their finances and it means thousands of families have not faced losing their homes," he said.

Those in need could be offered assistance through backstop initiatives such as the Mortgage Rescue Scheme and the Homeowner Mortgage Support system.

This comes after the UK Insolvency Helpline’s Ian Boden-Smyth predicted that debt helplines in the country are likely to be fairly active at the start of 2010, although they may quieten around Easter and other holiday periods.

By Sarah Adie