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Lenders act to stem loss of homes

Language: English Series: Times ; 18 December 1991, 2 | Financial Times ; 18 December 1991, 9 | Daily Telegraph ; 18 December 1991, 25 | Independent ; 20 December 1991, 2 | Inland Revenue Press Release ; 19 December 1991, (11)Publication details: 1991Subject(s): Summary: Plans have been announced by Abbey National plc and the Halifax Building Society to combat the rapidly rising number of house repossessions, offering funds to housing associations and local councils for mortgage rescue schemes. The Chancellor has also announced the suspension of stamp duty and other measures agreed with mortgage lenders.

Plans have been announced by Abbey National plc and the Halifax Building Society to combat the rapidly rising number of house repossessions, offering funds to housing associations and local councils for mortgage rescue schemes. The Chancellor has also announced the suspension of stamp duty and other measures agreed with mortgage lenders.