The Mortgage Rescue Scheme monitoring statistics ‘housing live table’ gives information on the number of households approaching local authorities with mortgage difficulties, fast-track referrals and applications and acceptances for the scheme.
The scheme has 2 elements:
the ‘Government Mortgage to Rent’ option which involves a RSL purchasing the homeowner’s property, enabling the household to remain in the property as a tenant on an assured short hold tenancy, paying an intermediate rent; and
the ‘Shared Equity’ option which involves a RSL providing a loan to the homeowner to enable the homeowner’s monthly mortgage payments to be reduced.
The figures, presented by Government Office Region, are based on Mortgage Rescue Scheme returns submitted to Communities and Local Government by local authorities and data from the fast-track case management system. Local authority figures do not contain estimates for missing returns. Information on the local authority response rate is provided alongside the reported figures for each period. Figures for different periods are shown on separate tabs in the workbook. The figures undergo validation and cross checking overseen by CLG statisticians and overall totals are reconciled with management information owned by the Homes and Communities Agency (HCA) on the number of households that have accepted an offer through the scheme during the period.
The Mortgage Rescue Scheme monitoring statistics are released quarterly on the same day as statistical publications on repossessions produced by the Ministry of Justice and the Council of Mortgage Lenders.
These figures have been pre-released in accordance with the Pre-release Access Order and the pre-release access list is available for download below.
Office hours: 0303 444 1136
Out of hours: 0303 444 1201