Friday, 9 December 2011

Coalition government consider mortgage interest scheme.....

The government is contemplating a benefit which it's purpose would be to assist those who are unemployed to meet the commitments os their mortgages, but many fear that this could have a "disastrous consequences" for Families. The Support for Mortgage Interest scheme would entail a benefit that pays mortgage interest on behalf of jobless homeowners. The matter of whether people should be receiving financial help indefinitely without the tax payer having the chance to recoup some of the costs is being looked into by Lord Freud. Proposals include the suggestion that new claimants who want to continue receiving support after a fixed period of time should receive this help in exchange for a charge on their homes, which can be recouped when the properties are sold. For your conveyancing solutions visit us today!!

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