{"id":137813,"date":"2023-06-24T00:40:51","date_gmt":"2023-06-23T17:40:51","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mortgage-12-month-grace-period-whats-in-it-for-you\/"},"modified":"2023-06-24T00:50:47","modified_gmt":"2023-06-23T17:50:47","slug":"mortgage-12-month-grace-period-whats-in-it-for-you","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mortgage-12-month-grace-period-whats-in-it-for-you\/","title":{"rendered":"Mortgage 12-month grace period: what\u2019s in it for you?"},"content":{"rendered":"


\nA charter has been struck between the chancellor and Britain\u2019s biggest lenders in a bid to stave off a wave of repossessionsStruggling homeowners are to be given a 12-month grace period before their home is repossessed as part of a new \u201cmortgage charter\u201d struck between Jeremy Hunt and Britain\u2019s biggest lenders after this week\u2019s shock interest rate rise.No home will be repossessed within 12 months of the first missed payment.Customers can seek advice from their lender without it affecting their credit score.Customers can switch to an interest-only deal for six months; or extend their mortgage term and revert back within six months if they want. Neither option requires an affordability check or will affect their credit score. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Mortgage 12-month grace period: what\u2019s in it for you?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A charter has been struck between the chancellor and Britain\u2019s biggest lenders in a bid...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-137813","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-zQN","jetpack-related-posts":[{"id":156483,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rules-that-protect-uk-homeowners-from-repossessions-may-be-scrapped\/","url_meta":{"origin":137813,"position":0},"title":"Rules that protect UK homeowners from repossessions may be scrapped","date":"June 26, 2025","format":false,"excerpt":"\r FCA boss says mortgage charter up for review amid pressure from the chancellor to remove red tape for firmsBusiness live \u2013 latest updatesThe City watchdog is considering scrapping rules meant to protect struggling homeowners from having their homes repossessed, in the latest sign of regulators reacting to pressure from\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":138715,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/four-of-britains-biggest-lenders-cut-rates-on-fixed-mortgage-deals\/","url_meta":{"origin":137813,"position":1},"title":"Four of Britain\u2019s biggest lenders cut rates on fixed mortgage deals","date":"August 10, 2023","format":false,"excerpt":"\r Halifax, HSBC, Nationwide and TSB reduce rates, easing pressure on hard-pressed homeowners Four of Britain\u2019s biggest lenders have cut rates on their fixed mortgage deals, easing some of the pressure on hard-pressed homeowners.Halifax, part of Lloyds Banking Group \u2013 the UK\u2019s biggest mortgage lender \u2013 is reducing rates by\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":137795,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/jeremy-hunt-meets-uks-biggest-lenders-in-effort-to-quell-mortgage-crisis\/","url_meta":{"origin":137813,"position":2},"title":"Jeremy Hunt meets UK\u2019s biggest lenders in effort to quell mortgage crisis","date":"June 23, 2023","format":false,"excerpt":"\r Hopes of banks and building societies giving extra help to households after interest rate riseBusiness live \u2013 latest updatesJeremy Hunt is meeting with the leaders of Britain\u2019s biggest lenders in Downing Street on Friday in an attempt to quell the growing crisis in the mortgage market sparked by rapidly\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":59556,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/fast-cash-with-500-interest-sexual-harassment-and-death-threats\/","url_meta":{"origin":137813,"position":3},"title":"Fast cash \u2013 with 500% interest, sexual harassment and death threats","date":"March 30, 2014","format":false,"excerpt":"\r The new regulator is in hot pursuit of logbook lenders who, in return for fast cash, can seize a borrower's car if they fall behind with repaymentsOne borrower was on his way to work when his car was repossessed. Others have faced death threats and sexual harassment by lenders\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":146779,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/brits-snap-up-lower-mortgage-deals-as-bank-of-england-rate-cut-boosts-property-market\/","url_meta":{"origin":137813,"position":4},"title":"Brits snap up lower mortgage deals as Bank of England rate cut boosts property market","date":"August 20, 2024","format":false,"excerpt":"\r Britain's\u00a0biggest high street lenders are continuing to slash borrowing costs after the Bank of England's first\u00a0interest rate cut in four year sparked a boom in homebuyer activity.\r \r Source : cnbc.com\r Read more...Brits snap up lower mortgage deals as Bank of England rate cut boosts property market","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":12034,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/halifax-raises-mortgage-borrowing-age-limit-to-80\/","url_meta":{"origin":137813,"position":5},"title":"Halifax raises mortgage borrowing age limit to 80","date":"May 6, 2016","format":false,"excerpt":"\r UK\u2019s biggest mortgage lender\u2019s move is part of trend for lenders to loan money to older people, some as old as 89Halifax has raised its age limit for mortgage borrowers by five years to 80 in a further sign of the financial pressure on homeowners as property prices continue\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/137813"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=137813"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/137813\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=137813"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=137813"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=137813"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}