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MSE News: Martin Lewis calls for more support for mortgage borrowers

Mortgage lenders have been pushed to offer more support for struggling homeowners following a meeting with MoneySavingExpert.com founder Martin Lewis, the Chancellor Jeremy Hunt, and the financial regulator. The move comes as homeowners continue to face higher and significantly more expensive interest rates amid the cost-of-living crisis.

Read the full story:

'Martin Lewis calls for more support for mortgage borrowers during meeting with the Chancellor and lenders'

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Comments

  • dimbo61
    dimbo61 Posts: 13,727 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Will there also be help for Landlords ? 
    Most will be in Interest only already.
    More Homeless and Bankrupt LL
  • OhWow
    OhWow Posts: 402 Forumite
    Tenth Anniversary 100 Posts Name Dropper Combo Breaker
    edited 11 December 2022 at 10:12PM
    dimbo61 said:
    Will there also be help for Landlords ? 
    Most will be in Interest only already.
    More Homeless and Bankrupt LL

    Why will the landlords be bankrupt? Landlords have raised their rents to extreme heights during all the years of low interest rates and have given themselves a massive profit.

    Having read the benefits boards, I would rather Martin turned his attention to pensioners on Housing Benefit. Those on Pension Credit and those of working age on Universal Credit, got the £700 cost of living payment, but pensioners on Housing Benefit but not on Pension Credit, did not get that £700.
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