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.”