Housing Minister John Healey has urged struggling homeowners to make it their New Year's Resolution to seek early help, take control of their finances and avoid repossession - and pledged extra Government support to help them stay in their homes.
In a message to homeowners, he has highlighted the comprehensive range of support available for them to take action to keep their homes. Repossessions are running at half the rate of the last recession.
As part of his campaign to ensure repossession remains the last resort, Mr Healey has made free impartial advice available to homeowners either online or by encouraging them to call the National Debtline.
Over the next few weeks, the Government is teaming up with Citizens Advice to run a series of local events where families can get free face-to-face and impartial information. These will take place in 56 repossession 'hotspot' areas - identified as being at greater risk due to having higher levels of unemployment and repossession court orders.
Mr Healey has also announced that he is extending free advice available for homeowners with an extra £4million to local advice agencies like Shelter, to ensure this vital lifeline continues into the New Year.
Mr Healey said: "Many families will have money worries after Christmas and when they are under pressure with their finances the worst thing they can do is put off the problem.
"I want homeowners to know there's free help with their mortgage, by phone, website and local money advice agencies. I'm extending free advice services into next year with £4million extra Government cash, and we're running a series of local events in 56 repossession 'hotspots' so face to face help is also on hand where it is most needed.
"I'm also making sure we continue our special help in court. Even at the eleventh hour when families are in court we're able to stop four out of five repossessions. I urge people to make a New Year's resolution not to bury their heads in the sand but to make the most of the help available. The earlier people act, the more options they have and the better chance they have of safeguarding their home."
(CD/GK)
Time and date
CONSTRUCTION DIRECTORY
Latest Construction News
25/11/2024
Estilo Interiors has been selected to help Bruntwood SciTech as they invest a further £2.4 million into Birmingham as part of a plan to transform its Mclaren innovation hub. The project, located less than five minutes' walk from the future HS2 Curzon Street Station, will involve the building ...
25/11/2024
Cambridge Investment Partnership (CIP) has reached a significant milestone at Aylesborough Close in Arbury, with the completion of a topping-out ceremony. CIP board members, ward councillors, One Public Estate, Homes England and the CIP team gathered to lay the final brick at the highest point of ...
25/11/2024
Lovell has appointed Nicola Colley as head of land in the West Midlands, boosting the business' expertise in land opportunities. Having previously worked at Lovell for 12 years, Nicola has returned to a brand-new role at the national housebuilder, bringing with her experience from Taylor Wimpey ...
25/11/2024
Stepnell has commenced enabling works for a significant £9 million refurbishment of the Grade II listed Town Hall in Hugh Town, located on St Mary's in the Isles of Scilly. Spearheaded by the Council of the Isles of Scilly in partnership with Scilly Arts & Heritage, the project marks a pivotal ...
25/11/2024
Morgan Sindall Construction has successfully completed the restoration of West Bromwich Town Hall and Library, restoring the significant building to its former glory for the community to enjoy. Prior to the project's handover, Morgan Sindall gave a presentation to the SMBC Members and Town ...
25/11/2024
Persimmon Homes Severn Valley has donated 10,000 bricks to AccXel, the Construction Skills Accelerator Centre in Cinderford. The contribution will enable students at the Gloucestershire-based facility to gain hands-on experience and develop essential skills for the construction industry. The ...
25/11/2024
Nearly a year after work began, significant progress is being made at Huddersfield station as part of the Transpennine Route Upgrade (TRU). This transformative project aims to modernise the key northern transport hub while preserving its rich heritage as a Grade I listed building. One of the ...
25/11/2024
Renovating a property can be a challenging and complex process, especially when integrating new and existing building elements. At R Elliott Associates Ltd, we specialise in helping clients navigate these challenges by providing expert planning, design, and support to pre-empt any potential ...
25/11/2024
Northumbrian Water has announced a significant investment of £3.5 million at its Great Ayton Sewage Treatment Works (STW) to enhance its capacity to manage stormwater. The project involves the installation of a new storm tank capable of holding up to 317 cubic meters of combined rainwater and ...
25/11/2024
Balfour Beatty Flannery, a partnership between Balfour Beatty and Flannery Plant Hire, has trained its 1,000th student at its Operator Skills Hub. With over 250,000 additional workers needed in the construction industry by 2028, Balfour Beatty Flannery's Operator Skills Hub is key in addressing ...