Mortgage help

On the 25th May the Government announced that homeowners struggling to pay their mortgage due to Coronavirus will be able to extend their mortgage payment holiday for a further three months or alternatively can start making reduced payments. 

The availability of a three-month mortgage holiday was first announced in March and the first of these will be coming to an end in June. Mortgage lenders will contact homeowners who are already receiving a mortgage holiday to discuss a way forward. The Government has advised that where consumers can afford to re-start mortgage payments, it is in their best interest to do so. However, if people are still struggling and need help, a full extension of the mortgage holiday for a further three months will be available as one of the options open to them. 

For those who have not already applied for a mortgage holiday due to Coronavirus the application period for a mortgage holiday has been extended until the 31 October. The current lender ban on repossessions of homes will be continued to the same date. 

See here for full details :

https://www.gov.uk/government/news/help-with-mortgages-to-continue-for-homeowners-affected-by-coronavirus

If you require any further information regarding funding, please contact :

Alison Clark  

Covid-19 Response Coordinator 

Tiree Community Development Trust  

E: alison@tireetrust.org.uk 

T: 07741 489 959 

Mortgage help
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