Written by John Kruse, one of the leading experts on Bailiff Law, this consumer friendly guide is essential reading for anyone who comes into contact with a bailiff.
The book is easy to understand and clearly explains the rights
a bailiff has, and also what they cannot do when collecting debts and repossessing goods etc.
The new Homeowner Mortgage Support Scheme is now launched, great news for those with a temporary loss of income.
Info:
Homeowners Mortgage Support (HMS) could help if your household has had a temporary, unexpected drop in income and it’s harder to meet your mortgage repayments. Find out about the help available - you could be eligible to delay some of your interest repayments for up to two years.
The mortgage lenders listed below have agreed to offer help to their customers through HMS:
Bradford and Bingley
Cumberland Building Society Lloyds Bank Group, including Halifax and Bank of Scotland
National Australia Bank Group, including Clydesdale Bank and Yorkshire Bank
Northern Rock
Royal Bank of Scotland, including NatWest and Ulster Bank
A number of other banks, building societies and specialist lenders will be offering HMS to their customers as soon as possible. These include:
Bank of Ireland, including Bristol and West
GE Money
GMAC
Kensington Mortgages
the Post Office
Standard Life Bank
Some lenders have stayed outside of the scheme, but have set up their own version of HMS. These lenders are: Barclays, (including FirstPlus) HSBC, Nationwide, Santander, (including Abbey and Alliance and Leicester).
Re: The new Homeowner Mortgage Support Scheme is now launched, great news for those with a temporary loss of income.
Do you know if there are any letter templates that I can use for my initial application to my lender (mortgage Express) or relevant threads that I can follow I may have missed.
I saw the advicer at the Citizens Advice Bureau, done the budget sheet but I now have to put a letter together asking my lender to put me onto this scheme as I tend to meet all their stated criteria.
Re: The new Homeowner Mortgage Support Scheme is now launched, great news for those with a temporary loss of income.
i am currently gooing through the process with Capstone just went to the homeless housing aid at my local council who is taking me through the process but mine is that it will be sold to a housing association then i would become a tennant any pay rent as i can longer afford the mortgage, i will keep you updated
Re: The new Homeowner Mortgage Support Scheme is now launched, great news for those with a temporary loss of income.
OK just been on the website link in original post and came across this in their pdf q&a doc i quote:
"Is my lender taking part?
The first lenders will be offering Homeowners mortgage Support or an equivalent from April 21st. Others will soon follow suit. Check Homeowners mortgage Support : Directgov - Home and community, or call your lender to find out they are offering HMS or an equivalent."
Is this the actual live date for the scheme?
- if so why weren't our lenders making us aware of this life-line for ALL customers (& especially those of us with years of not missing a payment?)
it looks as though it's actually meant to be exactly what most of us need.....like those temporary spare wheel jobbies where u use it for a minimum time till you can do a proper repair!????
do any of you mortage gurus out there know please?
what goes around comes around
EVERY cloud does have a silver lining you just have to look really REALLY hard sometimes..
Re: The new Homeowner Mortgage Support Scheme is now launched, great news for those with a temporary loss of income.
I contacted Birmingham Midshires about going interest only, found them very unhelpful. This scheme wasn't even mentioned, all they said was contact the CCCS, which I have.
If I went interest only, I could release about £300 a month.
Re: The new Homeowner Mortgage Support Scheme is now launched, great news for those with a temporary loss of income.
Originally Posted by dehowletts
Is this the actual live date for the scheme?
The scheme is live right now.
it looks as though it's actually meant to be exactly what most of us need.....like those temporary spare wheel jobbies where u use it for a minimum time till you can do a proper repair!????
do any of you mortage gurus out there know please?
Re: The new Homeowner Mortgage Support Scheme is now launched, great news for those with a temporary loss of income.
sequenci
you mention that you know of a success story so a question please? (as u are the enlightened guru of the subject compared to me!)
do you know if they were already at evivtion stage?
ok i lied 2 q's...
do you know if the live date quoted of the 21st April on the gov website has any significance or is it just someone forgot to get their web-author to check dates etc??
why would this be useful?
cos there are several things my darling lovely wonderful mortgage company have done to contribute to my rather pants situation I'm going to at least make the fos aware of and i'm wondering if this date their quoting is the the date the MC's were made aware of this scheme but not joe public?
if so I wonder what guidelines the MC's were given by the government??
Cheers DeH x
so if there are any of the bad peeps reading this who really work for companies that some CAG'rs seem to think are on the forum maybe they'd like to balance their karma & do something good & pm me a copy pretty please!?
what goes around comes around
EVERY cloud does have a silver lining you just have to look really REALLY hard sometimes..
Re: The new Homeowner Mortgage Support Scheme is now launched, great news for those with a temporary loss of income.
I have just called my mortgage lender (Birmingham Midshires) and discussed the HMS after being made aware of the scheme by Shelter. They are definitely one of the lenders who have agreed to offer help to their customers through HMS.
The criteria is quite tough and not many people seem to be accepted onto the scheme. The main hurdle seems to be that you have to have maintained the last 5 months of mortgage payments and the agreed amount.
This is a difficult hurdle for someone like me to be accepted onto the scheme... when they have obviously fallen into arrears with the mortgage lender after a drop in income.
The scheme has been put in place to help those who need it... but those who need it aren't eligible!!! ??? !!!
So... my next step is to look into why they can not offer help using the scheme if you are already in arrears... and to see if there is a way around this.
Any suggestions/comments or advice on this is welcomed.
Re: The new Homeowner Mortgage Support Scheme is now launched, great news for those with a temporary loss of income.
I have looked further into the above mentioned problem and have found that although it (to have paid last 5 months of mortgage payments) was one of the fundamental requirements... mortgage lenders DO have the power to accept people onto the HMS scheme regardless of this criteria being met.
As long as they can see you are actively doing things... like contacting shelter, obtaining advice from CAB... keeping them informed about your circumstances they should retrospectively allow you to be accepted onto the scheme where you would be required to pay a minimum of 30% of the interest per month. The other 70% gets deferred and added to you total outstanding mortgage... to be repaid later.
The new Homeowner Mortgage Support Scheme is now launched, great news for those with a temporary loss of income.
repayments for up to two years.
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Originally Posted by gee_gee
