The Prime Minister visited Scotland today and reiterated the Government’s determination to do all it could to stop reposessions.
The Government has announced that it is putting a series of measures in place to help UK homeowners during the current economic crisis.
The Prime Minister said that banks and building societies were in the process of signing moratoriums on repossessions and that some people would be in a position to have the terms and conditions of their mortgages amended.
The PM said:
“What we have been trying to do over these last few months is make sure that there is every procedure gone through before there is any chance of somebody being repossessed.
“We’re signing agreements with the building societies and the banks that there is a moratorium on repossessions for people with these banks and building societies. And we’re introducing measures in the next few days that will be able to underpin people trying to get their mortgage terms of repayment changed.”
The Prime Minister spoke during a visit to Burntisland Fabrications in Fife today. The company has recently announced a £70 million deal to build support structures for an offshore wind farm near Barrow-in-Furness, Cumbria, creating 150 new jobs.
Mr Brown spent time chatting to workers and apprentices - Burntisland Fabrications introduced an apprenticeship programme in 2007, which now employs 37 young people.
Jamieo "Making Your Cash Flow"
