Homeowners in arrears to get greater protection
Times: Homeowners who fall into arrears on their mortgage repayments are set to benefit from greater protection under new proposals set out by the Financial Services Authority (FSA).
The City regulator has released plans to limit excessive charges levied on customers for missing mortgage repayments and set out how lenders should handle borrowers in arrears after it discovered that lenders were too quick to repossess borrowers, particularly those who offer sub-prime and specialist loans
