Financial Times - UK banks to ease pressure on mortgage holders as late payments set to surge
Some of the UK’s largest banks have agreed measures with the government to help struggling borrowers as they brace for a surge in late mortgage payments.
“Demand for property has already slowed so I expect the lenders will do more to attract borrowers next year,” Aaron Strutt, of Trinity Financial told the Financial Times. “We are already starting to see mortgage rates come down but they are still much higher than they were.”
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