Treasury Minister gives banks all-clear to turn down borrowers who took loan repayment ‘holidays’ during lockdown

A Treasury Minister has given banks the all-clear to turn down borrowers who took loan repayment ‘holidays’ during lockdown.

In a letter seen by the MoS, John Glen has said a payment holiday may impact a lender’s ‘willingness to provide credit’ – even though Ministers previously promised that borrowers would not be affected.

Source: ThisIsMoney
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