Only a few households in the UK are likely to benefit from the government's new package of mortgage measures - announced as part of last year's pre-Budget report - according to one sector commentator.
Chris Jenkins, co-owner of the Homeowners Advice Centre, said that households where one partner was working would not be eligible for the scheme - no matter how small the salary - as only those who had no income would benefit from the scheme.
In addition, he explained that interest payable on a mortgage was assumed to be 6.08 per cent, but that he had experienced cases of many sub-prime homeowners paying up to ten per cent on their mortgages.
"This could leave some people with a substantial shortfall between their payments and the benefit received," Mr Jenkins warned.
The Council of Mortgage Lenders reported in October 2008 that they expected around 45,000 properties to be repossessed in 2008 - equivalent to 0.38 per cent of the 11.74 million mortgages in the UK.
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