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 simon.baynes.mp@parliament.uk.”
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