Money Nut

It's been claimed that forcing a sale in today's market, or inflicting repossession onto homeowners, doesn't achieve a thing. Instead, mortgage lenders have been recommended to offer more support to their borrowers, by offering reduced repayment plans instead, for example.

If this sort of method was implemented by banks, people who are struggling with debts would be ablt to increase their repayments as and when they can, or even sell their property to repay their lender - rather than being issued with a repossession notice etc.