Dec
10

Further possessions moratorium announced

Further to the 12-month break from possessions which commenced in April 2020 due to the pandemic, UK mortgage lenders have announced a moratorium on evictions over the Christmas period from 13th December through to 4th January 2022. Paul Broadhead, the Building Societies Association’s Head of Mortgage and Housing Policy said: “Repossessing someone’s home is an absolute last resort and lenders do all that they can to provide people suffering financial difficulties with the tailored support that they need.  The aim is to help people get back on their feet, but this Christmas and New Year moratorium will give some respite to those who have reached the end of the road.  For anyone who is facing financial difficulty the message is to get in touch with your lender early, as this gives the best chance of success.” The UK finance press release can be found here.