Payment holidays are ending in the UK – but there are options

Mortgage, credit card and loan schemes are finishing, but help is available

Millions of UK borrowers have been granted payment holidays since the start of the coronavirus pandemic but 31 October is the official end date for the schemes covering mortgages, credit cards and loans. However, that doesn’t mean people struggling financially will be left high and dry.

So says the main financial watchdog, whose main message is that “help is available after 31 October”, with a range of short- and long-term options to assist those finding it hard to keep up with payments because of the Covid-19 crisis.

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