Financial Times FT.com

UK house prices

Banks resist pressure on repossessions

By Alex Barker and Jim Pickard

Published: October 19 2008 23:34 | Last updated: October 19 2008 23:34

Ministers are struggling to secure more protection for homeowners facing repossession, with the judiciary and banks resisting pressure to show leniency that goes beyond existing law.

Some judges are opposing requests from Jack Straw, justice secretary, to give more leeway to people defaulting on their mortgages and permit them to change their repayment terms, according to Whitehall sources.

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