Mortgage payment holiday: Government measures on Covid-19 and considerations for lenders.

The article informs on an announcement made by Great Britain Chancellor according to which homeowners will be able to claim a three month break from their mortgage repayments if they are unable to repay because of Covid-19. It mentions that government's approach aligns with the Financial Conduct Authority's expectation that lenders will grant flexibility on mortgage repayments as a way of protecting consumers.