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Loan schemes and mortgage rescue

If you are homeless or threatened homelessness there maybe funding available to you to help you either remain in your home or secure alternative accommodation.

There is eligibility criteria attached to each scheme, this means that funding may not be a viable or affordable option for some households. If you would like to find out if you can be considered for these prevention schemes, please seek advice from your local Citizens Advice or local authority. 

 

Daventry Homeless Prevention Scheme (DHPS)

House

Daventry Homeless Prevention Scheme is a loan scheme that has been set up to help individuals or families who are either homeless, or threatened with homelessness, to find alternative accommodation through the private rented sector.

Please note that if you qualify for this scheme there will be a cap on how much funding you can receive, this is based roughly on the local housing allowance for your family make-up.

You will be expected to repay the loan and failure to do so will result in debt recovery action.

 

To qualify for assistance you must:

  • Be homeless or threatened with homelessness
  • Be 18 years old or over
  • Have been living or working within the Daventry district for 6+ months
  • Have insufficient monies in order to raise your own cash deposit or rent or
  • Be unable to pay off arrears at current private rented accommodation
  • Be prepared to privately rent for a minimum of 6 months
  • Accept that we will make all necessary enquiries to other organisations to see if the scheme will be suitable and affordable
  • Have sufficient income to repay the loan back to the council at a realistically agreed figure
  • Have sufficient income to cover your rental payments

We can help you by:

  • Providing an interest free loan to be used for the rent in advance, and/or a deposit on a private rented property that you have found yourself 
  • Providing you with a loan 'rent rescue' should you have up to one months arrears with your present private landlord

 

We cannot assist you if:

  • You have been responsible for arson in the past
  • You, or others living with you have history of anti-social behaviour
  • You are being evicted for nuisance reasons
  • You have former rent arrears
  • You have any debt with Daventry District Council
  • You are in breach of your current tenancy agreement

 

Mortgage Rescue

Homeowners experiencing difficulty in meeting their mortgage payments may be eligible for help through the Government's Mortgage Rescue Scheme (MRS). The scheme is for vulnerable households at risk of homelessness as a result of repossession. There are eligibility criteria attached to the scheme.

You should contact your lender if you are having trouble making your mortgage repayments. In some cases your lender could help you by either putting you in touch with organisations that can help, or making alternative arrangements to re-pay arrears and keep up with payments.

There are a number of steps and issues that need to be considered before a mortgage rescue is seen to be suitable. You will have to show that you have obtained up-to-date financial assessment, and that your lender has exhausted any available hardship tools.

Please note that the scheme is subject to property caps.

 

Further information on Mortgage Rescue is available through Directgov and Citizen's Advice.

 

 

Contact us

Directgov: This site opens in a new window
Mortgage Rescue, CAB