Advice UK, Shelter and Citzens Advice have criticised lenders for resorting to court too quickly, instead of treating repossession as a last resort. (We wonder whether the - perhaps, temporary - fight back of the property market is perhaps proving too much of a temptation.) The Government's Support for Mortgage Interest scheme is aimed at people who have been made unemployed and - 13 weeks after a claim - starts paying interest on loans up to £200,000. But it operates a standard interest rate of 6.08%... less, say charities, than what many sub-prime lenders charge. More here.

Technorati Tags: mortgages