Published 15 September 2020 · Last reviewed 15 September 2020 · Older article — see current rates

What to do if you have mortgage repayment difficulty from 16 September 2020 and how this can affect you in the future.

The Financial Conduct Authority (FCA) has published guidance around the support mortgage borrowers should receive if they continue to face payment difficulties due to coronavirus, but has confirmed that these supports will be able to affect credit scores. It’s vital for all people who are having mortgage repayment difficulty to get in touch with their existing lender to work out a viable repayment plan.

News source and further information can be found on The Financial Conduct Authority (FCA) website see below link https://www.handbook.fca.org.uk/handbook/CONC/7/3.html

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New Mortgage Repayment Difficulty Rules

What to do if you have mortgage repayment difficulty from 16 September 2020 and how this can affect you in the future.