Repossession – Well done RBS!

RBS has announced that it will guarantee not to repossess homes of customers who are in arrears for at least 6 months. The RBS account for 7% of the UK mortgage market, which leaves the other 93%, but let’s not dwell on the negative, this is a great start.

Now for the biggest player in the market, HBOS. They have taken the UK taxpayers cash, now they need to share the love and give back.

Let’s give a big hand to RBS and hope that the other will follow in the coming weeks before Christmas. This will give families some much needed breathing space in the face of rising debts and unemployment.