Second UK lockdown heightens RMBS uncertainty

By Tom Brown
02 Nov 2020

The Financial Conduct Authority has opted to give UK borrowers the option of deferring mortgage payments for another six months, after prime minister Boris Johnson announced a second four week lockdown across the UK on Saturday, with the possibility of a further extension.

Banks and building societies agreed for HM Treasury regulations to extend payment deferrals of up to a maximum of six months, including both an extension of an existing payment break as well as previously unaffected borrowers to opt for a payment break for the first time.

“It is ...

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