Mortgage support plan - Banks must share pain of loan scheme

FOR the banks it’s just business; it’s everyday, cold, monotonous even.

But for someone who has fallen behind with mortgage repayments it can become an unbearable emotional and psychological burden.

There are very few of us tough enough to pretend that even the prospect of losing our family home would not be frightening. Few events involving property could be more stressful, especially for a person – or a family – who has always met their obligations but, because of unemployment, a failed business or collapsed investments, are no longer in a position to do so.