Lenders urged to give more help to mortgage defaulters
MORTGAGE lenders should show more understanding when dealing with missed repayments during the recession, a Lothians MSP has said.
Conservative Gavin Brown said more help had to be given to hard-up home owners after figures showed there were more than 800 orders for repossession in 2008.
He said: "The number of repossession decrees issued in Edinburgh is worrying and only likely to get worse as the recession continues.
"These statistics represent families in serious difficulty and leave homeowners across the city exposed to the real possibility of losing their home. It's in no-one's interests if homeowners cannot keep up with the repayments on their homes."
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Weather for Edinburgh
Monday 20 February 2012
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