Largely due to the previous governments mortgage rescue scheme, possessions have been kept to a minimum by a combination of lender forbearance, sound property management, financial advice and support from the government. Now is not the time for the coalition government to axe support for borrowers in difficulty.
It is essential that the coalition retain this rescue scheme or we will have to face more economic and social problems such as the implications of tackling homelessness and re-housing evicted borrowers, already under pressure from a slashed housing budget.
If the scheme is kept it will mean that borrowers will be put under less pressure we will see mortgage possessions kept to a minimum resulting in a healthy housing market.
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