Homeowners’ Support Fund
The Homeowners’ Support Fund runs two schemes which can help clients at risk of losing their homes.
1•Mortgage to Rent allows the house to be bought by a local council or housing association and carry out repairs to increase its rental value. The client can then stay in the home as a tenant paying rent to the new owners.
•Mortgage to Shared Equity allows the government to purchase up to 30 per cent of the equity in the home, which reduces overall mortgage repayments. The client is still responsible for maintenance and repair and can remain in their home.