💨 Abstract

Many UK homeowners are struggling with mortgage payments due to rising unemployment, inflation, and fluctuating house prices. Mortgage holidays, a pause or reduction in mortgage payments for a agreed period, are being considered again as a relief option. Interest still accrues during this break, and future payments will likely be higher to catch up. Eligibility varies by lender, and not all situations qualify.

Courtesy: Saffron Leggatt