Financial Times FT.com

Banks seek clarity on mortgage plan

By Alex Barker, Peter Thal Larsen and Jim Pickard

Published: December 5 2008 02:00 | Last updated: December 5 2008 02:00

Bankers yesterday pressed the Treasury for clarity on a scheme to let homeowners facing repossession defer interest payments, amid confusion over who would be eligible, how claims will be policed and whether banks will be charged a fee.

Alistair Darling and Peter Mandelson, the chancellor and business secretary, faced a slew of questions from Britain's biggest banks as they met to negotiate details of the hastily arranged scheme.

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