Stuart McMillan MSP, (SNP West of Scotland) has welcomed today’s (Wednesday’s) news that the Scottish Government is to provide even more funding to support Scottish homeowners that are struggling to meet their mortgage repayments in the current economic climate.
An extra £10 million will be invested in the Home Owners’ Support Fund, taking the total up to £35 million over the next two years. The fund will be used to support an improved mortgage to rent scheme and a new mortgage to shared equity scheme, helping homeowners stave off the threat of repossession and eviction from their homes.
Mr. McMillan said;
Mr. McMillan said;
"Many homeowners in Inverclyde are facing a hard time keeping on top of their mortgage repayments in the current economic climate. The last thing anybody wants to see is hard working families losing their homes, which is why the action being taken by the Scottish Government is so important.
"Through a mortgage to rent or mortgage to shared equity scheme the Scottish Government is committed to providing much needed support to families in the economic downturn.
"The SNP Government has been consistently ahead of the rest of the UK in providing much needed support of this nature, and I am glad that we have this commitment for additional resources to increase the protection available to homeowners".
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