Take-up of mortgage-to-rent scheme continues to lag behind projections
Initiative aims to keep mortgage borrowers in their homes as renters, with ownership ceded to approved housing body
Take-up of the mortgage-to-rent scheme continues to lag behind the government’s lofty initial projections despite a recent pick-up in the number of successful applications, new data shows.
The scheme, which was first launched in 2012, is designed to keep mortgage borrowers in their home on a rental basis with the ownership of the property ceded to an approved housing body (AHB).
It was amended in 2017 to allow private investment funds to buy non-performing...
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