Mortgage Payment Holiday

For hard pressed homeowners, there was also a promise that all mortgage lenders will offer a three month payment holiday to those customers experiencing issues with their finances, to enable sufficient time for recovery. However, please be aware that much as there will be a fast-track system of approval, not everyone will be granted the payment holiday, and the unpaid interest will be recovered later – a detail the Chancellor omitted to mention.

More detail to follow.

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Mortgage Payment Holiday