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The British Government Extended Mortgage Holidays
The British government extended mortgage holidays over the weekend to people whose financial situation was negatively affected by the coronavirus pandemic.
Yazar: Tom Roberts
Yayınlanma: 3 Kasım 2020 00:40
Güncellenme: 7 Kasım 2024 13:51
The British Government Extended Mortgage Holidays
The British government extended mortgage holidays over the weekend to people whose financial situation was negatively affected by the coronavirus pandemic. The program was originally scheduled to end on Saturday. Debtors who have not yet made use of the assistance may request the creditor institutions to defer payments for a period of six months. Those who are already taking a mortgage vacation can extend it until the six-month limit is exhausted. However, even at the time of the suspension of payments, interest will be added to the principal of the loans, warns the bbc.com portal. According to a study from last week, about 1.6 million households have a problem with repayment, which represents a fifth of the total number of mortgage borrowers. The move is part of a new financial assistance package as the country prepares for a major tightening of pandemic measures. The so-called lockdown enters into force this week on Thursday and will last until December 2. Due to restrictions, bars and restaurants will only be able to operate in the form of packaged food, only shops with essential goods will remain open, and people will only be able to leave the house on the basis of a short list of exceptions, such as exercise. Unlike the previous lockdown, schools or manufacturing plants will remain open.İLGİLİ HABERLER
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