You may have heard from the media that most lenders have signed up to The Mortgage Charter and are wondering what it means to me to you?
The aim is to help residential mortgage customers who are worried about higher mortgage interest rates or are facing financial difficulty.
Most lenders have agreed to offer the following support:
Switch to interest only payments for 6 months Extend their mortgage term to reduce their monthly payments with the option to revert to their original term within 6 months without an affordability check.
If you are worried about your mortgage payments and want to check affordability, please get in touch.
