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Govt Mortgage Rescue Scheme has helped just six households

The number of struggling homeowners helped by the Government’s Mortgage Rescue Scheme was only six from January to May this year, figures revealed today.

In its Mortgage Rescue Scheme monitoring statistics, just six homeowners accepted an offer through the scheme during the first five months of this year.

An offer is classified as accepted by a local authority once the contract between the household, lender and registered social landlords has been signed and finalised.

Figures also reveal that 150 households in England applied for the scheme in May, which offers struggling homeowners a Government mortgage to rent option or a shared equity option in a bid to avoid repossession.

A total 295 cases were assessed by local authorities in May, with 202 cases resulting in action to avoid the threat of immediate repossession.

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