View more on these topics

BUDGET 2009: Government to extend Mortgage Interest Scheme

The government will continue its Mortgage Interest Scheme for another six months for those who have lost their job, as long as they are looking for work.

In his Budget today, Darling says: “Last year, I increased and extended the Support for Mortgage Interest scheme, which covers mortgage interest payments for people who have lost their jobs.

“Today I can announce that I will maintain the higher level of support for a further six months to help homeowners as they look for a new job.”


MP to speak at AMI’s annual dinner in June

The Association of Mortgage Intermediaries has revealed that the chairman of the parliamentary Treasury Select Committee, John McFall MP, will speak at its annual dinner to be held on June 10.

Chancellor will need a magic moment

This week’s Budget will more closely resemble a performance by magician Paul Daniels than a speech by Vilfredo Pareto or Arthur Cecil Pigou, both influential economists. With little if any cash at his disposal chancellor Alistair Darling’s second Budget is likely to produce more smoke and mirrors than anything of substance for taxpayers, let alone the mortgage market.


News and expert analysis straight to your inbox

Sign up