Britain Coronavirus 2020 country and Britain

Millions of payment holidays and interest-free overdrafts granted to borrowers over last 12 months

Reading now: 583
dailyrecord.co.uk

Banking and finance customers will continue to be supported as the country moves forward from the impact of the coronavirus pandemic, UK Finance has said.

The trade association released figures showing the amount of financial support given to customers as the anniversary of the national lockdowns approaches on March 23.

Some 27 million interest-free overdrafts were offered to customers as the crisis unfolded and 2.75 million mortgage payment holidays were granted up until the end of 2020, with 1.8 million in place at the peak in June 2020.

As at February 26 2021, 104,000 mortgage payment deferrals were still in place, the equivalent to 0.9 per cent of the total mortgage stock, down from 17 per cent of the total mortgage stock back in June..

Read more on dailyrecord.co.uk
The website starsalert.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA