RBS cracks down on repossessions



The Royal Bank of Scotland has sent threatening letters to homeowners saying that their homes will get repossessed if they fail to repay their mortgage within 30 days. Natwest, owned by RBS, has refused to give an explanation for its decisions. In one case the homeowner says he has never missed a payment nor are in arrears, although he had been served default notices over credit card debt in the past and had taken out a £100,000 second mortgage. A spokesperson from the bank said that there were ‘exceptional circumstances’ in the case, but declined to say what they were.