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Banks and building societies pull a THIRD of all mortgage deals in just three weeks as worry over coronavirus grips the market There are 30 per cent fewer mortgages on offer then just three weeks ago Nationwide, Halifax and Barclays have all pulled higher loan-to-value deals Experts worry a lack of competition may mean mortgage … Read more
Homeowners who are facing financial difficulty because of the coronavirus pandemic have been offered a vital lifeline. They were told last week that they would be able to take a so-called mortgage holiday where they can suspend repayments for up to three months. But what does this mean and how much will it cost in … Read more
Chaos for the housing market as banks stop mortgage lending and Michael Gove tells home-buyers ‘don’t exchange contracts’ Michael Gove urged people to stay put and not move house during pandemic Lenders have also stopped mortgage lending, throwing housing market in chaos Moving companies are cancelling jobs during crisis, making moves impossible Coronavirus symptoms: what … Read more
Should you put your mortgage on hold for three months? Repayment holidays now available on loans for your home or buy-to-let property Homeowners facing financial difficulty due to coronavirus offered vital lifeline A ‘mortgage holiday’ allows them to suspend repayments for up to three months When it ends, you can pay back interest built up … Read more
Homeowners are unknowingly putting themselves into arrears by cancelling their mortgage payments without speaking to lenders first. Chancellor Rishi Sunak’s announced last week that homeowners in financial difficulty as a result of the coronavirus pandemic will be offered a three-month mortgage break, or ‘payment holiday’. But lenders have warned that some borrowers are cancelling their … Read more
Mortgage meltdown: Bank chaos as families rush to freeze payments as homeowners tell of 10-hour wait on helplines Chancellor Rishi Sunak offered homeowners a three-month mortgage break Lenders now asking borrowers to submit applications online to free up phones Borrowers who do take a break will still be charged interest on their mortgage By Samantha … Read more
Most mortgage lenders HAVEN’T even passed on last week’s Bank of England base rate cut to customers – we reveal the ones that did The Bank of England cut base rate twice in as many weeks, now to 0.1 per cent This means lenders can now borrow money more cheaply than ever before Despite this … Read more
Rishi Sunak announces three month mortgage payment ‘holiday’ for any homeowner hit hard by coronavirus as the Chancellor vows to make sure people can ‘get back on their feet’ Rishi Sunak today set out a massive package of measures to combat coronavirus Anyone in ‘difficulty’ due to virus will not have to pay mortgage for … Read more
NatWest and Royal Bank of Scotland mortgage customers hit by coronavirus will be able to defer repayments for up to three months if they are struggling financially RBS has said it would also waive early closure charges on fixed savings accounts Bank will offer refunds on credit card cash advance fees to affected customers The … Read more
Italy suspends MORTGAGE payments in the wake of coronavirus outbreak’s economic impact on families and small businesses Firms and households grappling with coronavirus economic woes will be waived Comes as Italy announced it had doubled the amount to spend on the outbreak The country announced it would raise this year’s deficit goal to 2.5 per … Read more