RBS announces mortgage holidays for flood victims

Royal Bank of Scotland will offer three-month mortgage repayment breaks to customers with flooded homes.

Full details, including how to apply for the scheme will be released tomorrow by the group, which includes NatWest.

Flooded home-owners will be able to get a three-month mortgage holiday, say RBS.
Flooded home-owners will be able to get a three-month mortgage holiday, say RBS.

It said it would also send specialist business support teams to affected areas in coming weeks to help small businesses with short-term financial problems as they carry out repairs and suffer lost trading income.

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Ed Miliband to call for faster flooding insurance claims

Insurance bosses will meet ministers to discuss their response to the flood crisis. Victims have received £14m in emergency payments so far. Ed Miliband will call for faster processing of insurance claims when he too meets industry representatives.