Topic: Mortgages

Mortgage payment holiday extended

Borrowers may be eligible for a mortgage break of up to six months

Homeowners struggling to pay their mortgage due to Coronavirus (COVID-19) can now extend their mortgage payment holiday for a further three months, or start making reduced payments, in proposals announced by Chancellor Rishi Sunak on 22 May.

Pre-lockdown housing demand levels jump

60% of potential buyers say they will push ahead with their plans

 

Three weeks on from the Government reopening the property market and pent-up demand has exceeded levels recorded pre-lockdown at the start of March, according to the latest findings of the UK Cities House Price Index[1].