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Mortgages: Government Assistance

Volume 488: debated on Monday 23 February 2009

To ask the Secretary of State for Communities and Local Government how many applications have been made to the Homeowner Mortgage Protection Scheme. (256187)

Following announcement of the proposed homeowners mortgage support scheme on 3 December 2008, we have been working urgently with a range of lenders and representatives from the money advice sector to finalise the detail of the scheme and ensure it delivers the right help to households in difficulty. The Government want to see this scheme help as many struggling homeowners as possible. We are working to open the scheme as soon as possible but as the hon. Member will be aware legislative authority to proceed had to be sought and was only received when the Banking Act received Royal Assent on 12 February 2009.