Comments on: Darling to save British housing market

by: elvigilante

Fri, 09 May 2008 15:56:28 +0000

How about printing "THIS IS NOT A MORTGAGE PAYMENT CARD" on the back of each credit card?

by: ss

Fri, 09 May 2008 14:08:47 +0000

"3. Today's announcement includes: * Strengthening the capacity and expertise of the National Housing Advice Service to provide independent expert advice for people struggling to pay their mortgage or loan. Expert knowledge of both housing law and financial regulations mean that over 80 per cent of cases could be resolved without the need for a court hearing in the first place. * New arrangements with the Ministry of Justice, to ensure households at risk of repossession have access to free legal advice and representation at county courts throughout England. Such advice means that in 85 per cent of cases immediate repossession is avoided to allow other options to be explored. This is being extended to all county courts in England to ensure representation is available for all households who may need it. " Is that 85% of 80% ? If so it would mean that, at a stroke, reposessions are a thing of the past. Canute and tides spring to mind

by: D Heasman

Fri, 09 May 2008 13:12:34 +0000

What kind of a country is it where two ministers - one a senior Cabinet minister - are required to announce a project costing a lousy £10 million? On the plus side it stops them spending their time on something even more stupid.

by: Monkey

Fri, 09 May 2008 13:09:34 +0000

Thankyou Darling. In other moves the government has announced that all members of the treasury will remember to say prayers for mortgage holders every night before they go to bed and there is a apparently there is even talk of a candle lit vigil to be held outside Westminster on the 18th for victims of repossession. If these combined measures don't work the BBC is being lined up to do a charity phone show ala Comic Relief.

by: G Cox

Fri, 09 May 2008 13:04:09 +0000

Just to bring a slight touch of balance, it is worth noting that the number of foreclosures announced today are a tiny percentage of the population adjusted number in the US by an order 5-10 (depending on definition, and the rate of increase still pales to that experienced in the US.

by: VP

Fri, 09 May 2008 12:48:55 +0000

How about using Lottery money to meet people's mortgage repayments?

by: coffin dodger

Fri, 09 May 2008 12:45:34 +0000

£10m? - nice to see the guy in charge is being realistic about the problem.... (s******)

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