Second mortgage holiday not in customers' best interests, says finance lobby group

By Tom Brown
28 May 2020

Finance lobby group UK Finance said that most borrowers on mortgage moratoriums could afford to resume full payments after three months, and an extended moratorium would not be in customers' best interests.

UK Finance, which represents more than 250 firms across the banking and finance industry, published the commentary in response to the Financial Conduct Authority’s extension of the mortgage moratoriums by a further four months.

“We do not believe that such an approach is in the ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial