The government is to give homeowners who used a Help to
Buy loan to purchase their property a payment holiday if they run into
financial difficulties due to the coronavirus outbreak. While no details have been
published on how the holiday would work, Homes England said it would offer
similar repayment breaks for those who were struggling to pay interest fees on
their equity loans.
The news from Homes England follows the chancellor of the
exchequer’s announcement on Tuesday that homeowners with standard mortgages
would be offered a three-month payment break. Read more on Housing Today.
https://www.housingtoday.co.uk/news/payment-holiday-offer-for-help-to-buy-homeowners/5105021.article
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