Homeowners struggling to pay their mortgage due to coronavirus will be able to extend their payment holiday for a further three months, or start making reduced payments, the Treasury has today announced.
The application period for a mortgage holiday will now run until 31 October, allowing those struggling during the coronavirus crisis to claim ongoing support.
Economic Secretary to the Treasury, John Glen said: "We’re doing everything we can to help people with their finances at this difficult time, and that includes making sure people get the support they need with their mortgages. That’s why we’re working with the banks and lenders to extend payment holidays if people need them.
"Everyone’s circumstances will be different, so when homeowners can pay some or all of their mortgage, they should work with their lender on a plan; but if they are still struggling, I want them to know that help is there."
