Second household helped with mortgage rescue scheme

The government’s £285 million mortgage rescue scheme has helped just two families since it was launched in January. The scheme, where homeowners can sell part or all of their homes to housing associations and rent them back, was expected to help up to 6,000 households stave off repossession. A spokesperson from Communities and Local Government said the slow progress in rolling out the measures and the length of time between applications and receiving the help had meant that it was only now the first of many cases were coming through. CLG added that a further 450 applications were currently being considered.