Property News · May 9, 2020

Mortgage holidays: a break is tempting, but it will cost you


About 2m Britons have paused payments in the coronavirus crisis. Readers share their experiencesCoronavirus – latest updatesSee all our coronavirus coverageAlmost one in five UK mortgage holders have now been granted a payment holiday, it was estimated this week – but people’s experiences of the process have been very different. Some struggled to get a holiday while others say it was almost too easy. And while for some it will add just a few pounds to their monthly mortgage bill, others say their outlay will rise by a lot more.The Guardian asked readers who had applied for a mortgage payment holiday, or help with other debts, how they got on. Almost 200 people contacted us to tell us their stories. Continue reading…

Source : theguardian.com
Read more…Mortgage holidays: a break is tempting, but it will cost you

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