British bank 'to delay respossessions for six months'

Borrowers who fail to keep up with mortgage repayments will be given a six-month breathing space by the Royal Bank of Scotland (RBS), according to reports.

RBS, which owns NatWest and Ulster Bank, is expected to announce today it will not repossess the properties of customers who fall behind on payments for six months from the date they first admit that they have a problem.