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Banks Agree On Covid-19 Mortgage Break Extension

Banks have agreed to extend mortgage breaks for people financially impacted by covid-19 from three m...
Niall Colbert
Niall Colbert

12:32 PM - 30 Apr 2020



Banks Agree On Covid-19 Mortga...

News

Banks Agree On Covid-19 Mortgage Break Extension

Niall Colbert
Niall Colbert

12:32 PM - 30 Apr 2020



Banks have agreed to extend mortgage breaks for people financially impacted by covid-19 from three months to six months.

The breaks are available to both personal and business customers.

The Banks and Payments Federation says this will allow impacted personal and business customers a payment break of up to six months in total.

Over the past 6 weeks, more than 65,000 mortgage payment breaks have been granted.

Meanwhile over 22,000 SME payment breaks have also bee allowed in that time frame.

It's not too late to apply for a mortgage break, you can still get a 6-month break if you haven't put in an application.



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Banks Covid-19 Mortgage

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