Estate Agents In York

Thursday, May 7, 2020

We need a coronavirus mortgage strategy as well as an exit one

From payment holiday extensions to a better welfare net, here are a few ideas for government

Currently 1.6 million homeowners are not paying their mortgages after taking a “payment holiday” at the start of the coronavirus crisis. But the three-month break from payments – typically worth £755 a month – will come to an end much sooner than this crisis. What next?

Boris Johnson will set out Britain’s lockdown exit strategy this weekend. We’re told its sunbathing and picnics straightaway, maybe schools and cafes opening by the end of June, and pubs and restaurants by the end of August – so long as social distancing is maintained. Try choreographing that in a Friday night bar.

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