The Department of Working Pensions (DWP) has announced changes to Income Support for Mortgage Interest (ISMI). The Department of Working Pensions unveiled a package to assist venerable homeowners to meet their mortgage interest payments should they lose their jobs or become unemployed. The current situation is that if you should lose your job you will not receive any government support to pay your mortgage for the first 39 weeks or 9 months of your unemployment.
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[Source: News-and-Society Articles from EzineArticles.com - Posted by FreeAutoBlogger]
Government Regulations Will Not Help All Homeowners With Big Mortgage If They Lose Their Jobs
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