How does it work?
If you are eligible for assistance, United Welsh may be able to provide you with an equity loan so that your mortgage outgoings will be reduced or, if this is not suitable, we may investigate the options of buying your home. You would continue to live there as a tenant paying rent to United Welsh.

United Welsh is registered with the Welsh Assembly Government and if we are able to help you we'll apply for a grant towards the cost of buying your home. 

Funding for the scheme is limited so it will not be possible to assist everyone. Help will be given to those in greatest need.

Is it for you?
The Mortgage Rescue Scheme will not be the best option for everyone. It may be possible for you to get back on track with your mortgage payments without having to sell your home. If you are having difficulty paying your mortgage you must talk to your lender and take independent advice to find out what options are available to you as soon as you think there may a problem. Organisations such as Shelter or Citizens Advice can help you.   

Who can apply?
To apply for the Mortgage Rescue scheme you must answer yes to all of the following:

• Your home is in danger of being repossessed. That is, your lender has started legal action to repossess your home;
   

• You will be homeless if the property is repossessed;
   

• The property is your only or main residence;
   

• The property is clear of any legal reasons that would prevent it being sold; and
   

• You are unable to sell and buy a cheaper home locally.

Priority will be given to families and people who live in specially adapted housing.

If you are eligible, United Welsh will look at the level of your debts, the cost of buying your home and any repairs or other works that are necessary.  In some cases, it will not be possible to go ahead with your application if the costs are too high to make it practical. 

You have no right to assistance under the Mortgage Rescue scheme but you will be given a reason why your application cannot go ahead.

What should you do next?
If you think that the Mortgage Rescue Scheme could help you, you should contact:

• your local authority (local council). You can find the telephone number in the phone book. Their homelessness team or housing strategy officers will be able to help. They will assess your situation and then pass your details onto a housing association like United Welsh who may be able to help
   

• Alternatively you can contact United Welsh direct and we will pass your details onto the appropriate local authority -
  Tel: 029 2085 8165 / Email: dhughes@uwha.co.uk

For independent advice:

Contact Shelter Cymru on 0845 075 5005 or visit their website.

Visit: Shelter Cymru website (external link)

You can find the telephone number of your local Citizens Advice office in the phone book or visit their website.

Visit: Citizens Advice Bureau website (external link)