Chancellor Jeremy Hunt thrashed out a deal with lenders yesterday to give homeowners a 12-month grace period before repossessions begin.
He said people struggling to pay their mortgages will be able to discuss their options without it affecting their credit score. Those who change the length of their repayment term or switch to interest-only plans can reverse this decision within six months, also without affecting credit ratings.
This story is from the June 24, 2023 edition of Daily Record.
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This story is from the June 24, 2023 edition of Daily Record.
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