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Coronavirus: Lloyds, NatWest, Santander and Barclays respond to new 'mortgage breaks'

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www.mirror.co.uk

Millions of people could be in line for a 'mortgage holiday' after the Chancellor announced a package of emergency measures to help the most vulnerable people cover their bills during the coronavirus pandemic.

Rishi Sunak said those who are in financial difficulty - whether they have the virus or not - will be able to defer their payments for up to three months to help them budget financially.

This will include the self-employed and those on statutory sick pay - which could leave families surviving on just £94.25 a week or less if they're on benefits.

The initiative does not mean someone else will cover your payments for you - instead, your mortgage term will be extended to cover the additional period.

Read more on mirror.co.uk
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