MAP had been introduced in April 2015 for Scottish residents who do maybe not acquire their very own home

MAP had been introduced in April 2015 for Scottish residents who do maybe not acquire their very own home

don’t have a lot of or no savings and therefore are on an income that is low. MAP enables individuals in this example method into sequestration.

The following measures require to be met:

• a financial obligation that is minimum of but cannot surpass ВЈ17000.00. • Assets cannot complete significantly more than ВЈ2000.00 with no specific asset worth significantly more than ВЈ1,000. • a client can possess a car or truck which they require nevertheless the automobile is not worth a lot more than ВЈ3000.00. • No land or home could be owned. • Have a valid certification of sequestration, this can be a formal document confirming that the customer cannot spend their debts when they’re due. • Financial statement suggests that they’ve no cash available after crucial bills to pay for with their creditors. If made just of advantages while having gotten them for six months prior to the application they are going to meet this condition automatically.Continue reading