Struggling homeowners could switch to interest only mortgages

Struggling homeowners could switch to interest only mortgages

A solution for anyone worried about rising mortgage rates when their fixed-rate deal expires could be to switch to an interest only mortgage. Do you have a fixed-rate rate mortgage deal due to end next year? You might be worried about your ability to keep up...
Mortgage payment holidays extended until next summer

Mortgage payment holidays extended until next summer

If you are struggling to pay your mortgage, the extension of the mortgage payment holiday scheme just announced may be welcome news. Good news for anyone concerned about their ability to pay their mortgage due to the pandemic – mortgage payment holidays will now last...