Plans to scrap a government mortgage help scheme -
coupled with a hike in interest rates - could push millions of families closer
to homelessness, according to Labour’s shadow housing minister. John Healey
says the shock to household finances caused by the first rates rise in 10 years
could cause problems for 3.5 million households with variable rate mortgages.
The government’s decision to turn its Support For Mortgage Interest scheme,
which previously helped those struggling with contributions towards mortgage
interest payments, into a loan system will also add to financial problems for
those struggling to keep up repayments, the Yorkshire MP says. Read more on the
Huffington Post website.
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