Sunday, 22 March 2020

Government Announces Further Financial Support – Including Mortgage Holidays


The Chancellor, Rishi Sunak, has announced a series of measures to support individuals and businesses during the coronavirus outbreak. This included the announcement that the Treasury has agreed with the body representing mortgage lenders, UK Finance, that lenders will support customers who are experiencing issues with their finances as a result of COVID-19 and the options include a payment holiday of up to three months. Although nothing has been guaranteed for buy-to-let customers, UK Finance have told us  that customers who are concerned about their current financial situation should get in touch with their lender at the earliest possible opportunity to discuss if this is a suitable option for them. Read more on the NLA website.

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