Friday 1 May 2009

"Actively being considered"

Brilliant, after years of "radical shake-ups", "roll-outs" and "in the community", they've invented a new buzzword. There's an article in The Daily Express explaining that the government's much heralded 'Mortgage Rescue Scheme' has so far 'helped' only one family*...

A spokesman for the Department for Communities and Local Government said: "Mortgage rescue is one part of a range of measures we’ve put in place to help households at risk of repossession and as the ­statistics show, over 450 households were actively being considered for this support between January and March. We always said it would take at least three months for a household to complete the mortgage rescue process from the time they approach a local authority, and overall we expect the scheme could help up to 6,000 households over the next two years."

* Which is good news IMHO, that means they are wasting less money on it and house prices will fall faster. Even if it did 'help' 6,000 households avoid repossession (by becoming local authority tenants), how is that not the same as being repossessed; having your home snapped up by the local council or a housing association; and then being granted a tenancy in the same house? Six thousand is a drop in the ocean compared to the seventy-five thousand who are expected to be repossessed this year.

0 comments: