UK CORONAVIRUS

A UK government watchdog is ordering mortgage lenders to offer another three-month payment holiday to homeowners in financial trouble because of the coronavirus.

Borrowers who have already had three months’ payments deferred will be able to extend the holiday, and the application deadline for those who have not has been extended to 31 October.

Meanwhile the Financial Conduct Authority (FCA) also extended a ban on repossessions to the end of October, “keeping a roof over people’s head during a public health crisis.”