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UK watchdog says mortgage payment holidays to end Oct. 31

Wed, 26th Aug 2020 10:20

LONDON, Aug 26 (Reuters) - Britain's Financial Conduct
Authority (FCA) said it would end its current guidance on banks
providing mortgage payment holidays on Oct. 31, but called on
lenders to continue to support borrowers in difficulty after
that date.

The FCA had extended the scheme, which allows mortgage
customers to defer payments if they have been impacted by the
coronavirus pandemic, for a further three months from its
original June end-point.

The FCA said it would keep the situation under review.

(Reporting By Lawrence White, editing by Sinead Cruise)

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