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news Scottish gov't to introduce 2 schemes to help homeowners; Adjustable Rate Mortgage Blog
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Scottish gov't to introduce 2 schemes to help homeowners

03/29/09 22:00

The Scottish government will be introducing two schemes that will help homeowners with their mortgage payments.

From now on, homeowners will be able to enter shared equity arrangements with homeowners' associations while the current "mortgage to rent" scheme will be extended to benefit homeowners.

This will allow the Scottish government to have a stake at properties that are under the risk of repossession, allowing the homeowners to give more leeway to pay out their loans.

Link: BBC NEWS | UK | Scotland | Mortgage support schemes launched

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20090329-210029-Scottish-govt-to-introduce-2-schemes-to-help-homeowners mortgage support schemes 'Scottish gov't to introduce 2 schemes to help homeowners'