Mortgage assistance and repossession

'Breathing Space' is a regional mortgage assistance loan, administered by Wakefield Council, for local authorities in Yorkshire and the Humberside. It offers an interest-free secured loan that provides help to pay your mortgage. You will have to repay the loan at the end of 3 years.

The loan offers only short-term help, so you should have an expectation that you will be able to afford your mortgage payments in the future, and that you will be able to repay the Breathing Space loan.

The loan can pay your mortgage and/or your continuing mortgage instalments, secured loan arrears and instalments for up to 12 months, depending on your circumstances. You can apply to the scheme by contacting our Housing Options Team, who will then decide the amount you can borrow, which can be between £2,000 and £15,000. Once referred, a detailed assessment of your application will be necessary, including:

  • an assessment of your financial circumstances
  • a credit reference search
  • a property valuation

If you think you are at risk of your home being repossessed, view GOV.UK for advice on repossession. You can also visit the National Homelessness Advice Service website.

Citizens Advice, the National Debt Helpline and Stepchange can all offer advice about money and debt worries.

We also operate a limited mortgage repossession fund - speak to our Housing Options Team for more information.

Also see

Housing Options

West Offices, Station Rise, York, YO1 6GA

Telephone: 01904 554500