Deferred payment scheme extended
Good news for those who are struggling with mortgage payments and risk having their homes repossessed.
The Government has extended its support for deferring mortgage interest payments for homeowners who suffer redundancy or loss of income.
The £200,000 limit on mortgage size and the 13-week waiting period (down from 39 weeks) will remain in place until January 2012.
According to the Government, this will cost £90m over the next two years.