New support measures agreed for mortgage holders

Late last week, HM Treasury announced that new measures had been agreed to support struggling mortgage holders. The Chancellor met with principal mortgage lenders and the FCA to agree the measures, which include support from lenders without impact on credit scores, no forced repossession within twelve months of the first missed payment, ability to lock in mortgage deals six months in advance of current deals ending and options to switch to and from interest-only mortgage deals to assist with payments.

Source: HM Treasury