Hi
To apply to the Mortgage Rescue Scheme you would to meet the necessary eligibility criteria.
Here is a link that may be helpful on the above
http://england.shelter.org.uk/get_advic ... cue_scheme
With regards to the Mortgage Rescue Scheme and IVAs it is difficult to see how someone would qualify for the scheme if they had enough disposable income to enter an IVA in the first place. The reason being that their priority expenditure would have been accounted for which should effectively mean mortgage payments where affordable and presumably the home would not be at risk.
It may be a different situation after someone has successfully entered the Mortgage Rescue Scheme and been left with outstanding non-priority debts and disposable income.
All options / solutions pre and post Mortgage Rescue should really be advised / explained at the outset of any application.
As far as we are aware the numbers of applications have increased substantially since this initiative was first introduced.
Here is a link to some recent statistics on the Mortgage Rescue Scheme that may be of interest with others due shortly.
http://www.communities.gov.uk/documents ... 380438.xls
We believe this scheme can be of real benefit to clients who's homes are at risk and have a number of ongoing applications. Like anything new, there will be teething problems and issues to be addressed and this particular scheme does depend somewhat on lender co-operation.
There is a dedicated forum for advisers and others involved in administering the Mortgage Rescue Scheme.
Anyone who requires advice / information / or has any doubts on the Mortgage Rescue Scheme should contact participating Local Authorities / CAB or relevant agency, there is also a Fast Track team that may be able to assist.
We would be interested in any applications or experiences of the Mortgage Rescue Scheme from members of this forum.
NED-CAB
