Cabinet member welcomes fund to prevent house repossessions

By on 15/02/2012 in News

Cllr John Lines, Birmingham City Council's Cabinet Member for Housing, said: “I welcome the announcement made by Housing Minister Grant Shapps who has made a £20m fund available to help prevent mortgage repossessions.

“Of that figure, £19m of the fund is intended to enable local authorities to make small interest free loans (under £5,000), or grants to help homeowners facing difficulties.  One million will ensure that court desks can offer on-the-day advice to those facing repossession by plugging the gaps in the Housing Possession Court Duty Scheme.

“The city council has been awarded £267,665 of the £19m funding.  The level of grant was determined by the size of the city, the number of repossessions in Birmingham and the council's success in preventing homelessness during the previous two years.

“We welcome this additional funding and will be drawing-up plans on how to utilise it to meet the needs of Birmingham residents who are facing difficulties meeting their mortgage payments.”

Ends.

For media enquiries only contact Karen Blanchette on 0121 303 6969.  For any other city council enquires call 0121 303 1111.

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