Government extends drive to tackle repossessions to Lambeth
Housing Minister John Healey, who visited Streatham earlier this month, is today extending to Lambeth the government’s campaign to help homeowners avoid repossession.
Lambeth is one of 56 repossession hotspots where the government is running new mortgage help events to promote the assistance which is available to struggling homeowners.
The help events are being run in association with the Citizens Advice Bureau, and offer impartial face-to-face help and advice to homeowners on how to keep their home.
A dedicated helpline and website have also been set up to offer free impartial advice to people who are worried they could face repossession. This is available at www.direct.gov.uk/mortgagehelp.
Over the past year, more than 330,000 households have received help with their mortgages to avoid repossession, and the number of repossessions is currently half of what it was during the last recession.
Chuka Umunna said: “The government is taking action to help homeowners under pressure in our area.
“Families should not have to experience the trauma of repossession, and the government is offering advice and financial assistance for those struggling to meet their mortgage payments.
“During the last recession in the early 1990s, thousands of families were forced to leave their homes and received little help, but the government is determined that this will not happen again.”
