s0luti0n's Blog

The Council of Mortgage Lenders (CML) has called on the government to change the way the state helps those who incur mortgage arrears on their mortgage due to unemployment.With the current economic situation there is a possibility we will see rising unemployment over the next 12 months. The CML say hat the current situation is unacceptable as it takes to long for state aid to be granted.The current DSS rules give the borrower no financial assistance for the first 9 months in the event of involuntary unemployment, assist only the interest element of the monthly payment after 9 months and give very limited assistance in the event of accident or sickness.When you have such a large loan as a mortgage not being repaid a lender can not wait 9 months for the borrower to start making payments and ...