The waiting period applies to all owners, including those that have already delayed payments, a spokesman for RBS said today. The policy will remain in force until at least the end of 2009, the Financial Times reported today.
The United Kingdom requires banks to the extent of manomantenere consommateursWenn loans to small businesses as an economic slowdown and rising unemployment recovery to an increase of 12 percent in the third quarter. With headquarters in London, RBS, which has a market share of 7 per cent of the UK mortgage market, sold a stake of 58 percent if the government 20 million pounds (31 billion) in new capital last week.
"The impact is minimal for diRBS vision", probably around 50 million Sterline before taxes, "said Leigh Goodwin, an analyst for Fox-Pitt Kelton Ltd. in London, a performance rating of the stock." If all the banks have noogether to give more, will be a good for the economy and ultimately good for the banks. I'm not assume something bad in order to influence the government. "
Britain, the largest mortgage banks decided to wait at least three mesiDet after the buyers have contributed to delays in the first dder possession of houses, nach Finance Minister Alistair Darling pre-Budget report to Parliament on 24 November.
"It is extremely important, because banks tend to wait nine to 10 months before the takeover," said Bruno Paulson, an analyst at Sanford C. Bernstein in London. "With low interest rates, the cost of waiting is low, and banks not to recover the years, as he has done, and then sell the property."
"Back in AutoStrap"
RBS May competitor Angesichts the pressure to the transfer of mortgages, Paulson said.
HBOS Plc, the UK's biggest mortgage lender, will "look at the initiative," said spokesman Shane O'Riordain. "We already have comprehensive programs in place Borremeros in financial difficulties," he added.
Building the company of the nation has no intention of extending his period of the ceasefire on MCES three, said the spokesman Katie Price.
NurembergOrthen Rock Plc, the Newcastle-based lender nationalized in February, has an average waiting time of 15 months and has no intention of introducing a promise, "said spokesman Brian Giles. Less than 1 percent of its recovery implemented within six months after arrears, he added.
"We tend to at least six mesess to customers on the road to anyway, unless it is in their interest," said Eleinorganic Ross, a spokesman for Lloyds TSB Group Plc. Lloyds May seeks to sell property more quickly if there is little equity in the property and prices fall, he added
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