This is all the news now. I often think history repeats itself. When i worked in a bank many years ago the only way one could borrow was by overdraft. Then with great fanfare (and quite correctly) Term Loan/Loan facilities were introduced and most people with Overdraft had their facilities split into an overdraft limit and a term loan of up to 7 years. If repayment over 7 years was not evident it was put on a Loan account subject to yearly review. Extracting the hard core was the exercise involved. I suspect a similar plan is now being introduced for persons with mortgages they cannot service.