RBS makes six-month repossession promise

The Bank, in which the Treasury took a stake of around 58% last week, says the guarantee would help lift the pressure on homeowners struggling to meet their monthly repayments. It follows a warning from the FSA last week that it expected lenders to review their arrears and repossession procedures to ensure they are treating their customers fairly. RBS also said it would make sure customers had the opportunity to seek independent advice before starting any legal action. "Our policy has always been to encourage those customers facing financial difficulty to talk to us so that we can wor...