Covid debt and mortgage support for millions of Brits to end in two weeks - how to get help next
The government's Covid support is set to end as the country opens up from lockdown and the economy gets back on track.Household finances remain a "complex" picture, Richard Lane, director of external Affairs at StepChange told The Sun.
“With these measures due to end, it seems likely we will see an increase in the number coming to us, however it’s impossible to say whether that will happen quickly or be spread out over time due to the unpredictability of the pandemic and differing reactions to it." Your lender is still obliged to help you and before the end of the payment break they should have explained the options available after.Extending the length of your mortgageDeferring interest paymentsYour bank should also be able to help you understand the pros and cons of these.
The help available is not limited to this though, and that's why you should speak to your bank or lender directly and as soon as possible.For anyone coming to the end of a payment break for a credit card, personal loan or other type of debt, there will also be assistance.
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