20 Mar

UK lenders banned from repossessing homes amid coronavirus crisis

Banks and building societies also warned off charging fees for mortgage holidays as customers spend hours trying to contact lendersCoronavirus – latest updatesSee all our coronavirus coverageThe City regulator has told banks and building societies that they must not repossess people’s homes during the coronavirus crisis, and cannot charge fees for payment holidays granted as a result of the pandemic.The message came as mortgage holders reported waiting for hours to get through to banks to ask for help. Continue reading…

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