Homeowners should take positive action on negative equity

YOU have been constantly and correctly querying the sense of the banks repossessing people’s homes.

Here’s a simple plan, particularly for those in negative equity.

The background, as everybody knows, is that the banks, aided and abetted by government policy, were irresponsible, reckless and profligate in the extreme and lent money to householders and developers without proper stress tests or probity.