Sunday 7 November 2010

Capstone Mortgages: the appalling Lehman legacy that each week throws dozens of families out of their homes - This is Money Blog

Capstone Mortgages: the appalling Lehman legacy that each week throws dozens of families out of their homes - This is Money Blog

Each week secretive mortgage company Capstone turns to the courts to seek possession of scores of borrowers' homes.

Financial Mail on Sunday estimates that while Capstone administers mortgages representing under 0.5% of the UK's mortgage market, it is responsible for 10% of repossessions. This shocking disproportion is perhaps one reason why there are unconfirmed rumours that the Financial Services Authority is investigating the company.

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