(Source: Daily Mail Online By Chris Brooke and Becky Barrow) – Cash-strapped homeowners are being telephoned by their banks and told to cut spending on ‘luxuries’ – or risk losing their homes.Every week, around 2,000 customers of Northern Rock Asset Management and Bradford & Bingley are being warned to slash their outlay on mobile phones, gym memberships and even socialising, to ‘prioritise’ their mortgages.

Source: Daily Mail Online By Chris Brooke and Becky Barrow

Last updated at 10:32 AM on 31st August 2011

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