Qualified advisers answering your
Financial Questions
call 0800 092 1245

Will the government's mortgage relief plan avoid or just delay repossessions?

With news that the Council of Mortgage Lenders in the UK fully expects repossessions to hit 75,000 in 2009 alone there is speculation that the government's much heralded mortgage relief plan will have very little impact on the market. Despite being announced a couple of weeks ago we are yet to see the fine print of the mortgage relief package and confidence in government's ability to reduce the number of potential repossessions is starting to wane.

Over the last few weeks we have seen a number of instances whereby headline grabbing policies and strategies have been announced only for a lack of fine print and details to be forthcoming. The more often the government announced packages without the fine detail the more doubt there is in Gordon Brown's ability to manage the UK economy which could ultimately cost him the next general election. Many homeowners are being given false hope that they will be saved only to find that the plan has yet to come into play and repossessions which have already started will be allowed to go on.

When the Council of Mortgage Lenders starts to question the impact which the mortgage relief plan may or may not have on the market, it is time to sit up and listen.

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:

Latest News


Helpful new tax year facts that could affect you and your money

Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.

Read more

Useful Links

Popular Searches

Please Enter More Details

Enter More Details