this post was submitted on 02 Jul 2023
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Some good news for mortgage holders (www.gov.uk)
submitted 1 year ago by [email protected] to c/[email protected]
6 comments fedilink hide all child comments
 

Just saw this linked on Reddit. The government have got all the big lenders to agree to a range of measures to support mortgage holders, including the option to switch to interest-only for 6 months to wait out the period until dates reduce, and various other borrower-friendly options. Have a look if you've been worrying about payments under the current rates

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[โ€“] [email protected] 6 points 1 year ago

This is good advice ๐Ÿ‘ in the medium to long-term, though, it's possible that rates won't be returning to ~2%, so these measures should just be considered as a way for borrowers to buy a little time.