U.K. Mortgage Repo Rules Change

November 3, 2008

The U.K. government announced new rules that will better protect homeowners facing repossessions. This after a call from several U.K. charities highlighted that nationalized banks were aggressively and recently pursuing the option. The 'Pre-Action Protocol' was published by the Civil Justice Council last week, following a lengthy consultation process with industry participants, consumer rights groups and government ministries.

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