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FSA warns lenders to be fair to borrowers in arrears

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  • FSA warns lenders to be fair to borrowers in arrears

    A warning has been issued to lenders by the Financial Services Authority (FSA). Mortgage providers have been given a deadline of 31 January 2009 to prove that customers facing arrears or repossession are treated fairly.The FSA’s rules concerning the treatment of mortgage customers in arrears state that lenders should have a written policy that reasonable [...]

    More: FSA warns lenders to be fair to borrowers in arrears

  • #2
    It seems RBS has taken not of this.
    RBS is now guaranteeing not to repossess for at least 6 months.

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