Banks to offer mortgage ‘payment holidays’ amid coronavirus recession fears

Banks to offer mortgage ‘payment holidays’ amid coronavirus recession fears

Britain’s biggest banks have announced mortgage “payment holidays” for homeowners affected by the coronavirus outbreak. RBS, TSB and Nationwide said on Tuesday they would suspend mortgage payments for up to three months amid fears the virus could plunge the UK into recession. The banks’ announcement came ahead of Wednesday’s Budget, which will include a package […]