Reply To: Mortgage Payment Holidays

Home Forums Special Coronavirus Forum Mortgage Payment Holidays Reply To: Mortgage Payment Holidays

#1236

I am same as you Tara, no need for mortgage holiday as I am still receiving an income. However, paying 4.39% on my mortgage every month when rates are 0.01 really is both difficult and immoral! How this can ever be justified I don’t know. Many more mortgage prisoners to come too, IMO. Banks already increasing cost of new loans and job losses en masse will make people ineligible for re-mortgages. The default is the huge SVRs that were introduced to increase profits for banks – including Govt-owned bank UKAR- during the last financial crisis. Landmark (AKA Cerberus); Whistletree (AKA TSB); MAS (AKA Coop) making a killing in times of crisis…