Swaythling’s first Mortgage Rescue saves family from homelessness

Swaythling Housing Society, part of Radian, has helped save a Basingstoke single-parent family from the threat of repossession and homelessness by their mortgage lender.

In the very first successful Mortgage Rescue in the South East of England, Swaythling, working in conjunction with Basingstoke & Deane Borough Council (BDBC), stepped in to buy the family’s home when they could no longer afford the repayments after the breakdown of her marriage. The mother of three is now able to rent her home back at an affordable price and without the fear of repossession.

“This is a great weight off my shoulders.” She commented, “I am very pleased that my family is now secure for our future”.

The government recently launched the new Mortgage Rescue Scheme, which enables home owners facing severe financial difficulties to sell all or part of their property to a Housing Association and remain in their home.

Mark Fisher, BDBC Specialist Housing Officer added, “Without a close working relationship between BDBC & Swaythling, it would not have been possible to overcome the obstacles within the time-frame required in order to avoid repossession of the property. Once the process was underway, Swaythling worked hard to ensure excellent communications between all the parties concerned whilst also maintaining a sensitive, supportive and caring approach towards our customer, which was critical to ensure their continued engagement.”

Lynda Lines, Sales and Marketing Manager, Swaythling said: “This case has involved a lot of cross organisation working to ensure that it went ahead, with thanks going to all partners who helped to co-ordinate the rescue.”

For additional information contact:
Maz Garside, Public Relations Manager for Radian 01730 403080 or 07515 067764 or email This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Alternatively call Greg Morton at Marketing Impact on 0208 399 7400 or email This e-mail address is being protected from spambots. You need JavaScript enabled to view it