The FCA has extended mortgage payment holidays further for three more months. The customers struggling to pay their mortgage due to coronavirus will be able to extend their payment holidays for three more months or start making reduced payments, the financial regulator has confirmed today. The firms will give support to mortgage customers who are…
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Mortgage approvals for house purchase fell to 56,200 in March, says Bank of England. It is the lowest level since March 2013, according to the latest Money and Credit statistics from BoE. The analysis found that the rate on new variable-rate mortgage borrowing fell by 17 basis points in March. However, the cost of fixed-rate…