BOROUGH residents who are at risk of losing their homes will benefit from a mortgage rescue scheme.
Ellesmere Port and Neston is one of 12 authorities in the region that has agreed to fast-track the Government initiative to prevent properties from being repossessed.
Minister for the North West, Beverley Hughes, who was brought up in the town, said: “The housing market in particular is suffering, but a range of measures is being put in place.
“The scheme is designed to help people having trouble repaying their mortgage to stay in their homes.”
Council leader Justin Madders welcomed the move saying: “This is an innovative development which will provide comfort to homeowners at a difficult time.”
Tony Mousdale, the council’s head of housing services non-landlord, said: “The scheme is targeted at the most vulnerable households with incomes of less than £60,000 a year who would be entitled to be rehoused under the homelessness legislation.
“The scheme will allow households to stay in their home by enabling them to sell a share of their home to a housing association, reduce their monthly mortgage payments, or sell the entire home to the housing association and remain in the property as tenants paying a subsidised rent.”
Call the council’s Housing Options Team on 0151 356 6348, 6346 or 6530.