Tag Archives: recession

Mortgage arrears penalty may be scrapped

Northern Rock and Bradford & Bingley, the government-backed lenders, may have to scrap fees levied on homeowners who are behind on their mortgage repayments, following accusations that they are unfair and ‘make a bad situation worse’ for overburdened households. Most lenders charge up to £55 a month after borrowers fall into arrears, and Northern Rock

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Councils gearing up for the worst too

Council bosses are drawing up plans on how public services can be delivered if the government makes cuts to council budgets because of the recession. The Society of Local Authority Chief Executives and the Chartered Institute of Public Finance and Accountancy are joining forces to analyse the implications of a ‘full range of possible economic

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