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Falling borrowing rates set to trigger cut in state support for borrowers in difficulty PDF Print E-mail
Wednesday, 17 June 2015
Next month will see a cut in the rate at which the government pays support for mortgage interest – the first for almost five years.  The new lower rate reflects lower average rates paid by borrowers.

For many years, successive governments have upheld a commitment to support borrowers in periods of financial difficulty.  The scale of support has varied, reflecting differences in government priorities, mortgage  costs – and the perceived needs of borrowers.  But support has often been less generous than state help for tenants  through housing benefit.
 
Today’s article  looks at how state support for borrowers has changed over the years, including government forecasts that the value of payments is expected to decline by almost half from 2010/11 to 2017/18.

(Source - CML News & Views)
 

 

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