Doubts over PM's repossession plans

Doubts have been cast on plans to reduce repossessions by allowing people hit by redundancy to defer mortgage interest payments for up to two years.

On Wednesday, Gordon Brown said that the eight major mortgage lenders had already agreed to the scheme.

But Chancellor Alistair Darling confirmed that the banks were yet to sign up, and details of the schemes were still being finalised.

Iain Watson reports.