Coronavirus UK: Housing market hit as mortgage lending stops - News Summed Up

Coronavirus UK: Housing market hit as mortgage lending stops


They were told last week that they would be able to take a so-called mortgage holiday where they can suspend repayments for up to three months. Only take the time off you really need, as the interest on your mortgage still accrues. Most major banks now have a payment holiday form online. You can still get a payment holiday if you are a landlord with a rental property in your name or through a limited company. This could ease the burden on your finances, but also means you are keeping on top of interest repayments.


Source: Daily Mail March 25, 2020 08:43 UTC



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