Jeremy Hunt announces protection for struggling mortgage borrowers as interest rates rise

The Chancellor has announced struggling borrowers will not be penalised with a hit to their credit score if they seek help from their bank or building society in the mortgage crisis.

After meeting bankers earlier today Mr Hunt also said anyone in severe difficulty would be able to delay repossession of their home without consent for 12 months.

Mr Hunt told broadcasters: “The most significant thing is that they can pick up the phone to their bank or mortgage lender and talk about their situation without any worry that it will impact their credit score.

#mortage #uk #economy

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Read the full article here: https://www.telegraph.co.uk/business/2023/06/23/ftse-100-markets-live-interest-rates-consumer-confidence/

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