Mortgage holidays extended

Mortgage payment holidays are being extended for homeowners financially affected by the pandemic.

The scheme had been due to come to an end on Saturday.

Borrowers who have not yet had a mortgage holiday can request from their lender a pause in repayments, that can last up to six months.

Those who have had their payments deferred already, can extend their mortgage holiday until they reach the six-month limit.

During this period interest will still accrue on what borrowers owe.