“Everyone’s circumstances will be different

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Cheap Jerseys from china You can unsubscribe at any time.Thank you for subscribingWe have more newslettersShow meSee ourprivacy noticeHomeowners struggling to pay their mortgage due to coronavirus will be able to extend their payment holiday for a further three months, 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.Households will be able to prolong the break or reduce monthly payments through their bank or building society without having their credit scores affected.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 https://www.nfljerseywholsalestore.com sure people get the support they need with their mortgages. That 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.”Government to use money from forgotten bank accounts to fund coronavirus crisisIn March, Chancellor Rishi Sunak introduced mortgage holidays for anyone struggling financially due to the Covid 19 outbreak, shortly before the country went into lockdown.Over 1.8million people have since claimed it, at an average of 755 a month, according to trade body UK Finance, and the first of these will be coming to an end in June.To give people the certainty they need, they will now be contacted by their lender to discuss a way forward.The current ban on repossessions of homes will be continued to the same date.All of the payment holidays that come into force next week including BrightHouse loansChristopher Woolard, Interim Chief Executive at the FCA, said “Our expectations are clear anyone who continues to need help should get help from their lender. We expect firms to work with customers on the best options available for them, paying particular attention to the needs of their vulnerable customers, and to provide information on where to access help and advice.”Where consumers can afford to re start mortgage payments, it is in their best interests to do so Cheap Jerseys from china.