Mortgage: New calculator will analyse what happens to interest payments after a holiday

MORTGAGE holidays are now available for anyone who struggles to cover their mortgage as a result of coronavirus. This will be hugely helpful to many but many people may not realise how these holidays will affect mortgages once they are completed.

Mortgage holders may feel some relief as the government has moved laws around to ensure that their homes are protected. As it stands, if a person cannot pay their mortgage due to coronavirus having an impact on their income they will not have to pay their mortgage for up to three months.

However, mortgage payments after a holiday is taken are likely to change.

Some people may find themselves paying slightly more than usual after taking a mortgage holiday.

It can be...
source: Express

2020-03-25 17:38
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