'Councils Should Offer Mortgage Plan to Those Hit by Crunch'

Birmingham Post › June 13, 2008

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Summary

Local councils should offer financial help to people in danger of losing their homes, a think tank said yesterday.

The New Local Government Network called on authorities to adopt US-style Mortgage Support Plans under which they would offer people mortgages at below market rates on all or part of their debt.

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Extract

'Councils Should Offer Mortgage Plan to Those Hit by Crunch'

It said the move could be used to help people who were facing having their home repossessed, as well as homeowne...

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