FCA – Repossessions banned until 31st October

Industry News | 02/06/20

The FCA has confirmed that the current ban on lender repossessions of homes will be continued to 31st of October 2020. The regulator says this will “ensure people are able to comply with the government’s policy to self-isolate if they need to”. The FCA also confirmed the support firms should give to mortgage customers who are either coming to the end of a payment holiday or who are yet to request one.

Source: financial reporter