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Two million homeowners still unable to pay off their mortgage

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    Two million homeowners still unable to pay off their mortgage

    “ Figures published by UK Finance, the banking lobby group, showed that 1.9 million mortgage payment holidays have been taken by borrowers in the last three months.

    This is equivalent to one in every six mortgages in Britain, with an average of £755 being deferred each month. This is up from 1.8 million last month.

    Since March, banks have been required to offer payment breaks to customers who are struggling financially because of coronavirus. This includes borrowers who have contracted the virus and those who have seen their income fall because of its economic impact.

    The Government programme has since been extended, meaning customers can request payment holidays until October 31. However, there have been warnings that consumers have not understood the repercussions of payments breaks. ”

    Two million homeowners still unable to pay off their mortgage


    #2
    have you ever actually, had any fun? or laughed?

    Comment


      #3
      Originally posted by BR14 View Post
      have you ever actually, had any fun? or laughed?
      Only once, one carefree summer, with a squirrel named Sandy.

      Comment


        #4
        Probably two million don't know that they still have to pay interest...

        Comment


          #5
          and another poor miserable sod.
          how sad

          Comment


            #6
            Originally posted by BR14 View Post
            have you ever actually, had any fun? or laughed?
            He's laughed at you, if that counts.

            Comment


              #7
              I wonder how much fraud is going on with this one. Always some *** who take advantage at every opportunity.

              https://www.peoplemanagement.co.uk/n...lowing-charity

              Wonder if there are any online tutorials in how to make fraudulent claims. Paid off my mortgage decades ago but maybe...
              Last edited by xoggoth; 19 June 2020, 20:20.
              bloggoth

              If everything isn't black and white, I say, 'Why the hell not?'
              John Wayne (My guru, not to be confused with my beloved prophet Jeremy Clarkson)

              Comment


                #8
                Originally posted by xoggoth View Post
                I wonder how much fraud is going on with this one
                What fraud if you still owe the money (with interest)? Plus credit rating most likely going to be fecked, so no cheap re-mortaging - now that's fraud. only legalised.

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                  #9
                  How many are unable to pay vs how many actually choose not to pay.

                  I guess we'll find out later this year.

                  It would be interesting to see how many of these 2 million have Audi/BMW/Mercedes car leases.

                  Comment


                    #10
                    Originally posted by SeededLoaf View Post
                    It would be interesting to see how many of these 2 million have Audi/BMW/Mercedes car leases.
                    How would that work with their credit rating being affected?

                    Comment

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