Some good news for mortgage holders (www.gov.uk)

submitted 1 year ago by br3d@lemmy.fmhy.ml to c/unitedkingdom@feddit.uk

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Just saw this linked on Reddit. The government have got all the big lenders to agree to a range of measures to support mortgage holders, including the option to switch to interest-only for 6 months to wait out the period until dates reduce, and various other borrower-friendly options. Have a look if you've been worrying about payments under the current rates

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[-] spacedogroy@feddit.uk 1 points 1 year ago

This is good advice 👍 in the medium to long-term, though, it's possible that rates won't be returning to ~2%, so these measures should just be considered as a way for borrowers to buy a little time.

this post was submitted on 02 Jul 2023

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