A former pensions minister has claimed that homeowners who end up struggling with mortgage payments due to losing their job could build up hefty arrears, before money help comes.
Sir Steve Webb has stated that the number of households receiving UK Government help with mortgage costs has fallen significantly due to a reform to the system four years ago, in 2018.
The Daily Record reports that from April 2018, a system for mortgaged homeowners on benefits who have lost their jobs was replaced with repayable loans, secured against the claimant's home.
