Support For Mortgage Interest Payments Drops
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26 Oct 2010
Changes announced in George Osborne’s June Budget come into effect this month and mean that the amount of support for mortgage interest payments that people on low incomes can receive has dropped substantially. In Yorkshire & the Humber, over 20,000 people, including nearly 10,000 pensioners could be affected by this change.
The Government are cutting before the economy is fully in recovery and this is one of the first cuts that people will really feel. The previous Government ensured real help for homeowners mortgage interest support to limit the number of repossessions. Withdrawing that support, at times with no proper notice when some people could see their support halved from one month to the next, will cause real hardship for those families affected.