People struggling as a result of the pandemic can currently request a three-month mortgage holiday - but these were set to expire on 31 October. The new rules are designed to make sure people who have used payment deferrals but still face financial difficulties continue to get the support they need. They also mean people whose financial situation is newly affected by coronavirus can take a break from mortgage payments after 31 October. Borrowers who have taken, or are taking, payment deferrals and who need extra support, can now have that reflected on their credit files. This also applies to people asking for mortgage help after 31 October.

Source: Daily Mirror September 14, 2020 09:43 UTC