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Daily Archives: May 13, 2020

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uk homes

12-month mortgage holiday plans being considered by the FCA according to reports

Due DiligenceBy SulemanBaigMay 13, 2020

Plans to give homeowners 12-month mortgage payment holidays are being reviewed by the Financial Conduct Authority (FCA) according to reports from various outlets. The plans are being tabled in a bid to assist homeowners who are in financial difficulty and prevent mass defaults, in turn reducing the repossession of homes. FCA officials have stated that…

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