It’s Your Home – Let’s Keep it That WayKnowsley will this week become the focus of an intensive drive to help to local residents struggling to pay their mortgages so they can get a grip on their finances and save their homes.
As one of 22 ‘hotspots’ across Britain, homeowners in Knowsley face a higher risk of repossessions due to high levels of unemployment and numbers of court orders for repossession.
Between April and June this year, there were 140 claims for repossession by lenders against homeowners in Knowsley. 95 of these (68%) lead to possession orders.
So from this week, advertisements highlighting the range of Government support available to homeowners will appear in local newspapers, online and billboards. It is the second stage of the national Mortgage Help campaign that John Healey launched last month.
Concerned homeowners can go to
www.direct.gov.uk/mortgagehelp or call the National Debtline free on 0808 808 4000, where they can get impartial advice, find out the steps they can take to keep their home and prepare an action plan to tackle their own finances.
Launching this drive, Housing Minister John Healey said:
“The worst thing any struggling homeowner can do is bury their head in the sand. A comprehensive range of Government support is available to them, from free debt advice and representation in court to help with mortgage interest payments and, for the most vulnerable households, the Mortgage Rescue Scheme.
“These measures have meant we’ve seen recent falls in the numbers of repossessions, but people are still under pressure and the risk of repossession will remain high throughout this and next year.
“I want anyone in Knowsley concerned about paying their mortgage to know that practical and impartial advice is available online and over the phone. Our message today is clear: it’s your home – let’s keep it that way.”
Local MP, George Howarth said “I know how important it is to protect your home in times of financial difficulty . I’m pleased that the Government has chosen to target local Knowsley residents with this information as it should help as many people as possible to stay in their own homes.”
The latest figures from the Council of Mortgage Lenders show there were 11,400 repossessions between April and June this year – 10 per cent lower than the previous quarter.
However, a quarter of these repossessions were voluntary – homeowners who have fallen into mortgage arrears but rather than seek help available from Government or their lender have instead handed in the keys or abandoned their home.
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