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Building society repossessions

Language: English Series: Sunday Times ; 8 December 1991, 1.5(1)Publication details: 1991Subject(s): Summary: Attempting to curb a projected flood of repossessed homes on the market, with the consequent drop in house prices, the government has proposed to pay the welfare benefits of unemployed homeowners direct to banks and building societies to cover mortgage payments.

Attempting to curb a projected flood of repossessed homes on the market, with the consequent drop in house prices, the government has proposed to pay the welfare benefits of unemployed homeowners direct to banks and building societies to cover mortgage payments.