Estate Agents In York

Tuesday, March 17, 2020

UK banks set out details of Covid-19 mortgage holidays

Households hit by coronavirus will not lose credit ratings if they delay payments

Britain’s banks have revealed how they are going to implement Rishi Sunak’s promise of “payment holidays” of up to three months.

In guidance issued after the chancellor pledged mortgage support for households affected by the coronavirus, UK Finance, the trade body for the major banks, set out how households can apply.

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