UK launches 'debt freeze' protecting borrowers

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UK launches 'debt freeze' protecting borrowers

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FFMKXR Directory of Adult Mental Health Services for Northern Ireland. | Alamy Stock Photo

UK government is introducing a debt freeze for suffers from mental health problems, introducing a 60 day “breathing space” where lenders will be prevented from communicating with borrowers who are in arrears. Mental health has also come to the forefront of debate around how to help so-called ‘mortgage prisoners’ stuck on high interest rates after the financial crisis.

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