I voted for this Government as the previous one got us into the recession and they promised too reverse this and take us out of Europe. Boy was I fooled! Europe do contribute money into the UK but is it equal or more than we pay out?

Another law from the Dictators of Europe.

How can you say that mortgage holders who pay on time will automatically find mortgage costs increase? The cost of all re-processions providing that there is enough equity is taken from the eventual sale proceeds of the property. Therefore the majority of the costs would be met by the defaulters. I also agree that the new EU regulation is ridiculous and the sooner we either get out altogether or renegotiate our entry the better. Bring on the referendum we keep being promised.

Lets get out of EU, I bet this government won't do eny thing to help (only them selve)

so by the time quiresxx, i wrong when he said banks will lose out ,when they snatch peoples homes off them,by the time this happens,most people have paid more that the cost of the loan and are well into the last 15 years of payments that are normaly interest only.

Its nice to see that once again the E.U. are protecting the banks, the same banks that need protection so there bosses wont lose any bonus when they start to snatch back homes in about two years time. Then they will control the house market ,as they control the money market.(we control is there interpration of the mess they making of it)
It should be interesting to see who they blame when the ********** are in charge of both, i assume they will use there big bonuses to buy up the houses they have forclosed on.

More total crap from the EU. We should tell the EU that we will not stand for any more of their useless rules and regulations. We are more than capable of buggering things up ourselves, we don't help with it from the EU !!!

The term Idiots and Asylum spring to mind.
Plan A.
Keep people in their homes at whatever repayments they can afford, the banks maintain an income and an interest in the property and it's maintenance and folks don't become a burden to the social services.
Plan B.
Make residents homeless and an added burden on the overall social fund (tax payers money) property goes on the market and is sold at a loss or remains vacant deteriorating with time and lack of maintenance. Now isn't that a wonderful well thought through scenario by obviously educated financial wizards.

For gods sake get us all out of the clutches of the devious white collar crooks of the Federal Europe brigade whose only interest is control and lining their own pockets at the expense of others. Or are we all too stupid to see what the real agenda is?

Talk about bad timing. People are losing their jobs right, left and centre and most could not reasonably have predicted this when they took out their homes. We've just learned today that the huge Coryton refinery in Esex has gone bust, so that's another 1,000 people thrown out of work at no notice if nobody rescues the business. How are they supposed to get back on track in three months when it may well take nearer to six to find a new job, if they can find one at all? Where banks lent irresponsibly, they should be the ones to pick up the ticket for their stupidity via government penalties. Making people homeless by shortening the time of grace solves nothing.

How many more times have we got to say it, most of us want out of the EU. However our coward of a PM will not listen, he is making to much money from it.None of our politians have any backbone and 90 per cent are so full of the brown smelly stuff. Roll on the next election UKIP for me, they certainly could be no worse than this bunch of English hating anal retentives.