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RBS mortgage relief
RBS mortgage relief
Last Modified: 01 Dec 2008
By:
Katie Razzall
One of Britain's biggest mortgage lenders gives homeowners six months' before repossessing their properties.
The move by RBS, which owns NatWest, means people who lose their jobs and can't afford their mortgage payments will have longer to find work.
Also this morning new figures from the Bank of England show that mortgage lending dropped by 70 per cent in October.
Faisal Islam talks to city minister, Lord Myners.
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After the collapse of the US sub-prime mortgage market, the global economy is in the throes of a credit crunch.
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