Homeowners Mortgage Support

Homeowners Mortgage Support (HMS) is the latest Government initiative to help people at risk of repossession. It is for people who've recently experienced a sharp drop in income: perhaps because they have had overtime cut or hours reduced. It is a last resort, after people have explored all other options with their lender.

What does it involve?

Homeowners Mortgage Support enables you to postpone part of your interest payment for up to two years. The money postponed is added on to the remaining balance of your mortgage, to be paid back when your situation improves. All lenders are required to work with households who are having difficulty paying their mortgage to help them avoid repossession.

Where can I find more information?

If you are a Homeowner and you would like more information about the Homeowners Mortgage Support Scheme then take a look at our related douments and links below.