Mortgage Rescue Scheme
Worried about paying your mortgage?
If you are in this situation there are three steps you should
- Tell your lender as soon as possible: your lender will be
sympathetic and will provide as much assistance as
- Get advice: there are organisations which offer free and
independent money advice.
- Check the help available to you: your repayments may be
covered by an insurance policy or you may be eligible for
government benefits or schemes which could help you to stay in your
Mortgage rescue schemes are aimed at vulnerable
households facing possession (families with children, the elderly,
those with a disability or pregnant women).
There are two forms:
- Shared Equity – A housing association
buys a stake of the equity in your property which reduces your
monthly mortgage payments. You still remain the outright owner of
- Mortgage to Rent – A housing association
pays off your mortgage debt and you then become a tenant of the
housing association, paying an affordable rent.
To find out if you are eligible for mortgage rescue or
another form of assistance you should contact our agent Festival Housing
Association on 01684 579579 or your
Citizens Advice Bureau 01684 567146
You can also find guidance on the
or the Council of Mortgage
Help a Rough Sleeper
Tonight someone will sleep rough for the first time. Help us make
sure they don’t spend a second night out by emailing us what you
know about who they are and their location to: firstname.lastname@example.org
or contact the Worcestershire Homelessness Intervention Team (WHIT)
by opening this link: