Home » Mortgages » Connells backs initiative to help struggling home owners

Connells backs initiative to help struggling home owners

Mortgage Rescue operates by bringing together local authorities, Registered Social Landlords (RSL), lenders and debt advice agencies. There are two key elements to the scheme. First, shared equity – where the RSL provides an equity loan, enabling householders’ mortgage payments to be reduced. Second, Government mortgage to rent – where the RSL purchases the property and the householder pays rent to the RSL at a level they can afford.

This new contract has been secured through Connells’ existing partnership with King Sturge, a leading provider of property services to the UK industrial, office, retail, leisure, healthcare and residential sectors.

Ross Bowen, Managing Director at Connells Survey & Valuation Limited, said: "The Mortgage Rescue Scheme is a landmark initiative and has already started to make a critical difference to a number of the most vulnerable families in the UK."

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