1,000 homeowners refused mortgage interest aid each month

STRUGGLING homeowners facing huge debt are being refused mortgage interest aid at a rate of 1,000 a month, according to the country’s leading housing agency.

Faced with soaring bank mortgage interest rates and the threat of homes being repossessed, many debt-ridden families are being turned away from the state-aid scheme.

Housing agency Respond has called for a complete overhaul of the Mortgage Interest Supplement scheme, claiming its criteria are too strict and not realistic for frustrated borrowers.