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Coronavirus: Why now is the time to check your direct debits
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mirror.co.ukThe Government has introduced drastic measures to help those in debt during the coronavirus outbreak - but there are also steps you can take to help reduce your expenses over the next 12 weeks.
Mortgage holidays are being offered to households who are in self-isolation, unable to work or are temporarily out of employment as the outbreak continues to hit industries across the UK.
The 90-day breaks mean homeowners will see their payments suspended for a short period - the additional three months will be added to your overall mortgage term instead.
However, interest payments will continue to be accrued during this period - so it should be considered a very last resort for those who are worried they won't be able to meet monthly repayments.
Read more on mirror.co.uk
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