Real mortgage holiday picture in UK better than data suggests, say investors

By Tom Brown
13 Aug 2020

UK mortgage moratorium numbers are being inflated by the timing of the government’s job retention scheme, with data from lenders suggesting payment holiday levels were more in line with continental Europe than they at first appeared, according to investors.

Initial reports from bank results suggested that around 80% of UK mortgage borrowers who took a payment holiday have returned to making full payments.

For example, Nationwide’s data released in July through a mortgage moratorium update implied that over 80% of borrowers who took a payment holiday ...

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