Saturday 25 March 2017

Door closed, but horse long gone

SO deep is the country's personal debt crisis that the Financial Regulator has proposed a number of rules and regulations that would make it more difficult for a bank or building society to repossess a family home.

To date, some 36,000 mortgage holders have missed three consecutive monthly payments.

The banks have now responded to the regulator's proposals, made in the summer.

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