homeowners

Mortgage holidays for 1million homeowners as banks approve breaks for cash-strapped Britons

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Mortgage holidays for 1million homeowners as banks approve breaks for cash-strapped Britons struggling to meet payments during lockdown Banks have approved nearly one million mortgage holidays for homeowners Industry bombarded with requests since Rishi Sunak’s announcement last week Financial Conduct Authority also plan to require banks to introduce £500 interest-free overdrafts By Ben Wilkinson Money Mail … Read more

Mortgage holidays for 1million homeowners as banks approve breaks for cash-strapped Britons

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Mortgage holidays for 1million homeowners as banks approve breaks for cash-strapped Britons struggling to meet payments during lockdown Banks have approved nearly one million mortgage holidays for homeowners Industry bombarded with requests since Rishi Sunak’s announcement last week Financial Conduct Authority also plan to require banks to introduce £500 interest-free overdrafts By Ben Wilkinson Money Mail … Read more

Labour warns of a ‘wave of post-pandemic repossessions’ without more help for poorest home-owners

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Labour warns Rishi Sunak of a ‘wave of post-pandemic repossessions’ if he does not increase help for struggling low-paid homeowners on top of the three-month mortgage holiday during the coronavirus lockdown Shadow housing secretary John Healey said the holiday needed to be added to He wants  further help via the Support for Mortgage Interest (SMI) … Read more