Don’t leave it until it’s too late!
Mortgage Rescue is part of a much wider £1bn package of measures announced by CLG in September 2008, aimed at helping homeowners in a range of difficulties (see ).
Alternative Options
Mortgage Rescue is not the only option available for a homeowner faced with repossession.
Local Authority Options
- Prevention fund
- Part VI offer
- Part VII application
Homeowners Own Options
- Rent a Room
- Downsize
Government Options
- Income Support Mortgage Interest (ISMI)
Lender Options
- Reduce monthly payments for a period
- Capitalise payments
- Cut the charges made
- Extend the length of loan
- Spread the payment of the total amount owed
- Offer a better loan rate
- Allow time to sell home (if that is preferred by homeowner)
Other options
- Private Sale and Rent Back
- RSL rescue from capital receipts
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Contact Housing
- Tel: 01803 208723
- Email: housing.advice@torbay.gov.uk
- Fax: 01803 208282

Government Mortgage Rescue Scheme