Home owners with the Icelandic bank Icesave are rushing to remortgage their properties.

Customers have yet to find out when they will be able to start a claims process with the Financial Services Compensation Scheme (FSCS) in order to recover money frozen in the Icelandic bank.

As a result, many customers are having to borrow thousands of pounds from their families and friends to ensure that they have the funds in place to remortgage their property or pay off their existing mortgage.