The three month coronavirus mortgage holiday announced by the Government is aimed at helping those in financial difficulty as a result of COVID-19.
Chancellor Rishi Sunak unveiled the measure on 17 March 2020 as the impact of the pandemic on the UK economy continues to grow.
He said: “I can announce that for those in difficulty due to COVID-19, mortgage lenders will offer at least a three-month mortgage holiday – so that people will not have to pay a penny towards their mortgage while they get back on their feet.
“This will give people the necessary time to recover.”
Here’s how it will work.
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