Clwyd South MP Simon Baynes has welcomed news that the Chancellor of the Exchequer Rishi Sunak, in conjunction with the Financial Conduct Authority (FCA), has extended the mortgage payment holiday for a further three months for homeowners struggling to pay their mortgage due to Coronavirus.
The availability of a three-month mortgage holiday was first announced by the Chancellor in March as part of the package of support for individuals, businesses and the economy.
Since then over 1.8 million mortgage payment holidays have been taken up.
Lenders will contact their customers next month about extending their mortgage holiday for a further three months.
Simon Baynes said: “This is good news for people and families in Clwyd South struggling to pay their mortgage due to COVID-19.
"Everyone’s circumstances are different, and where homeowners can pay some or all of their mortgage, they should work with their lender on a plan.
"But I want every resident in Clwyd South to know that this mortgage holiday support is available for a further three months if you’re still struggling.
“As always, if there’s anything I can do to support you, please don’t hesitate to get in touch with me by email at email@example.com.”