Door closed, but horse long gone
Published 08/10/2010 | 05:00
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.