And what is promised for housing?
According to this DCLG press release, the following (with my comments in brackets):
* Agreement with major lenders to wait at least three months before initiating repossession proceedings, in order to explore all other alternatives. The Government has also welcomed the commitment by lenders to look at all possible options to prevent repossession, such as reducing payments and mortgage rescue schemes.
(My impression is that most of the major lenders already waited 3 months or so. it is the sub-prime brigade packing out the Courts. As with the protocol, no form of penalty or means of enforcement.)
* Bringing forward the Government’s £200 … Read the full post



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