mortgage-to-rent scheme vulnerable homeowners

Supporting Homeowners: The Inception of the Mortgage-to-Rent Scheme

The MortgagetoRent (MtR) scheme is a voluntary program that helps homeowners with mortgage arrears by transferring property ownership to their lender for five years, allowing them to stay as tenants in a 14year rental agreement with Kedipes. The scheme, awaiting parliamentary approval, is part of a comprehensive package of measures targeting nonperforming loans and aims to provide immediate relief and longterm economic resilience for vulnerable homeowners.