News Tag: difficulties
July 8, 2009
Homeowners struggling with mortgage repayments can be shy in talking about their difficulties, despite pleas from lenders and debt charities to seek help and advice early.
According to research from the Financial Services Consumer Panel (FSCP), 41% of those having difficulty paying their home loans struggle on unaided, even though seven out of eight borrowers in this group defined their problems ...
Homeowners reluctant to seek help over mortgages
by Gill Montia
December 11, 2008
Further details have emerged of the Government's plans to help homeowners struggling with mortgage payments, as outlined in the Chancellor of the Exchequer's November pre-budget report.
The new measures allow homeowners who fit the criteria to defer interest payments on their loans for a period of up to two years.
The Government will guarantee a proportion of any loss to the lender ...
Further details of deferred mortgage repayment scheme
by Gill Montia
November 20, 2008
Sir Tom McKillop, the departing chairman of the Royal Bank of Scotland (RBS), has apologised for the bank’s difficulties.
The apology came ahead of the shareholder vote for the £20 billion Government bailout, of which shareholders voted by 99% in favour.
Earlier this month, the bank said it expected to report its first full-year loss since it was established almost 300 years ago.
Sir ...
RBS apologises for financial difficulties
by Kay Murchie
