New scheme to help struggling mortgage holders

PUBLISHED: 17:28 09 January 2009 | UPDATED: 12:11 17 June 2010

STRUGGLING mortgage holders in Sidmouth and its surrounding areas are being targeted by a new advice scheme.

STRUGGLING mortgage holders in Sidmouth and its surrounding areas are being targeted by a new advice scheme.

East Devon District Council's Devon Strategic Housing Group and debt advice charity Homemaker Southwest have teamed up to offer home-owners worried about keeping up with their mortgage payments free, independent and confidential guidance.

An advisor is on hand to discuss what options may be open to home-owners to enable them to remain in their homes.

Amy Pamphilon of Homemaker Southwest said: "The temptation may be to ignore the problem until the lender has written threatening court action.

"Often by this stage, the options may already be more limited. This new service is trying to encourage people to seek help at the earliest opportunity whilst there is still room for negotiation with the lender."

The Council of Mortgage Lenders said around 210,000 households ended 2008 more than three months in arrears, and it expected the number to increase to 500,000 by the end of this year.

Councillor Jill Elson, EDDC's portfolio holder for communities said: "This service has come at just the right time for home owners who are worried and wouldn't have thought that the council could help them.

Contact (01392) 686760 for advice or visit www.homemakersw.org.uk.


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