The Financial Servies Authority (FSA) has defined new rules to protect those with mortgage debt problems in the UK.

The rules are intended to assist those whose mortgage debt payments have fallen behind.  There are also new rules announced for those working in the "sale and rent back" market.

In the new rules, repossessions should always remain the 'last resort', perhaps due to claiming bankruptcy.

Citizens Advice has received over 100,000 queries about lending arrears in the last 12 months, and has welcomed the changes intended by the FSA, whilst still cautioning that a watchful eye needs to remain on the mortgage charges from some companies.

It said that some of its Wiltshire bureau clients had reported charges in excess of £100 for every month their mortgage debt repayments were in arrears, whilst with a sub-prime mortgage lender.

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