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Hunt Announces Mortgage Measures, But Stops Short of Fiscal Support

UK

UK Chancellor Hunt announces new mortgage measures to assist mortgage holders.

  • New measures include:
  • Customers can talk to the bank or mortgage lender with no impact on credit score
  • Customers can change to interest only or extend mortgage and go back to original deal within 6 months

Minimum period of 12 months before a home is repossessed without consentSuch suggestions re: mortgage support in the UK have done the rounds in recent days, no surprises there at first glance. Hunt is against the idea of direct fiscal support which could fan further inflation.

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