Chancellor Rishi Sunak has announced an unprecedented package to support businesses and UK citizens through the coronavirus outbreak.
One of these measures includes a three month mortgage break for homeowners struggling with mortgage payments after the Covid-19 outbreak.
“Mortgage lenders will offer a three month ‘mortgage holiday’ for those in financial difficulty due to the coronavirus outbreak”.
Chancellor Rishi Sunak
Several banks have already announced packages to support customers through these challenging times:
- Lloyds Bank
- Halifax
- Royal Bank of Scotland
- Natwest
- TSB
- Virgin Money
- Clydesdale Bank
- Yorkshire Bank
Now all mortgage providers will be forced to provide the three-month payment break for customers that have been financially impacted by the outbreak.
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