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Working in partnership with Citizens Advice Bureau and Orbit Group, the lead registered social landlord for Mortgage Rescue in the West Midlands, has enabled a total of 47 families in Sandwell to remain in their own homes and communities, rather than face homelessness and repossession.
The figures were revealed at a Mortgage Rescue Scheme conference, where the borough’s council housing provider was singled out for praise as having the most effective performance and achievement in the region.
The conference was attended by a wide range of representatives including the Department for Communities and Local Government, Housing Communities Agency, local authorities, Citizen’s Advice Bureau and mortgage lenders.
Jenny Birch, head of mortgage rescue at Orbit said: “I am delighted to be able to recognise the performance and achievement of Sandwell Homes through their delivery of the Mortgage Rescue Scheme.
“It is as a result of the excellent working relations its Housing Options team has, with Orbit and lenders as well as their resilience and hard work in what is a very complex and resource intensive area, going that extra mile and working arrangements with the a Citizen’s Advice Bureau worker.
Ms Birch added that Sandwell Homes’ results were achieved in phase one of the Mortgage Rescue Scheme which ended in February this year, and another 11 applications had already being submitted for consideration to the scheme.
Cllr Simon Hackett, Sandwell’s cabinet member for housing said: “Prevention of homelessness is a top priority for Sandwell Council and Sandwell Homes.
“I’m extremely pleased to hear that Sandwell Homes is the top performer in the Midlands region and has negotiated 47 successful mortgage rescue applications with more hopefully in the pipeline.
“The reasons as to why people get into difficulties with their mortgage are many and complex – it may be due to loss of employment, illness or relationship breakdown.
“The Mortgage Rescue Scheme not only enables a vulnerable family to escape the distress and hardship that comes as a result of repossession, but is beneficial to the wider community as families can remain in their homes, jobs and schools, and among family and friends.”
The Mortgage Rescue Scheme works in two ways: eligible families receive either an equity loan in order to reduce their mortgage, or may choose to sell their home to a registered social landlord, usually a housing association and remain as tenants.
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