Skip to main content

Mortgages: Government Assistance

Volume 496: debated on Monday 20 July 2009

To ask the Secretary of State for Communities and Local Government (1) how much money has been allocated to the (a) Mortgage Rescue and (b) Homeowners Mortgage Support scheme for expenditure in (i) Test Valley borough and (ii) Southampton; and whether his Department has placed a limit on the number of households which may be assisted under each such scheme; (286320)

(2) how many households in (a) Test Valley borough and (b) Southampton have received assistance under the (i) Mortgage Rescue and (ii) Homeowners Mortgage Support scheme to date.

The £285 million Government Mortgage Rescue Scheme has been operational across the country since 1 January 2009. The Government do not allocate money directly to local authorities under the scheme. It is a demand-led scheme, with the number of vulnerable households benefiting in each local authority dependent on numbers of eligible applicants approaching their local authority for assistance.

As part of the monitoring arrangements for the scheme, headline data for January to May 2009, provided by local authorities and broken down by Government office region, are available on the Department’s website

http://www.communities.gov.uk/publications/corporate/statistics/mortgagerescuestatistics

Figures reported by local authorities from January to May 2009 are provided in a table, which has been placed in the Library.

The Homeowners Mortgage Support scheme provides enhanced support for homeowners who have fallen on difficult times by enabling them to reduce their mortgage interest payments to affordable levels. The Government do not allocate money directly to households under the scheme. There is no target or limit to the number of households who may be assisted under the scheme in any particular region or area. Official figures on numbers of households entering HMS will be published later this year.

To ask the Secretary of State for Communities and Local Government what estimate he has made of the number of people who will be assisted by the Homeowners Mortgage Support Scheme in (a) West Derbyshire and (b) the UK in the next 12 months. (286408)

I refer the hon. Member to the answer I gave to the hon. Member for Tamworth (Mr. Jenkins) on 24 June 2009, Official Report, column 961W.