The protections enjoyed by UK mortgages borrowers are to be strengthened under new proposals published by the Treasury.
The number of repossessed homes increased by 68 per cent last year, according to new figures from the Financial Services Authority.
The Financial Services Authority (FSA) has written to the chief executives of all mortgage lenders, giving them until January 31, to ensure customers facing arrears are being treated fairly.
The number of people losing their homes after failing to meet their mortgage repayments has soared, figures showed today.
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