Published On: Thu, Mar 19th, 2020

Mortgage holiday: How can I get a mortgage holiday? | Personal Finance | Finance

Will the government be allowing mortgage holidays due to coronavirus?

The new policy was introduced in order to ease the stress placed on individuals struggling to pay their mortgage during this difficult time.

Mr Sunak explained: “Following discussions with industry today, I can announce that for those in difficulty due to coronavirus, 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.”

He added: “And in the coming days, I will go much further to support people’s financial security.”

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