at hand for householders threatened by repossession
in the Burnham-On-Sea area who, through no fault of their own,
are at risk of losing their homes now have help at hand thanks
to the launch of a new service.
District Council has launched a new Repossession Prevention Loan
Scheme in conjunction with Sedgemoor's Citizens Advice Bureau,
the Sedgemoor Credit Union and Wessex Home Improvement Trust.
A Government grant of £38,000 will be used to help keep
households in their own homes by providing them with a small,
interest free loan.
part of the scheme, householders will be required to register
with the Credit Union, agree to save an agreed amount each month
and to make affordable repayments against the loan after a full
financial assessment by the Citizens Advice Bureau.
return, an agreement will be made with the lender to clear some
of the outstanding debt to enable the householder to remain in
their home. Home owners will be referred to Wessex Home Improvement
Trust and the Credit Union will administer funds for those in
Jerry Milton, Housing Advice Manager for Sedgemoor District Council,
told Burnham-On-Sea.com: "Although loans are relatively small,
the Repossession Prevention Loan Scheme is part of a range of
measures designed to assist those at risk of homelessness. Last
year, the council was able to prevent over 300 households in the
Sedgemoor district from becoming homeless and we hope to continue
this good work."
For more information about the scheme, contact the council's Housing
Advice Team on 0845 408 2547.
are Jerry Milton, Housing Advice Manager at Sedgemoor District
Council; Joan Saddington, Manager of Sedgemoor's Citizens Advice
Bureau, with (seated) Kate Wiltshire of Wessex Home Improvement
Loans and Alison Palmer of Bridgwater and District Credit Union