United Kingdom

4060 readers

391 users here now

General community for news/discussion in the UK.

Less serious posts should go in [email protected] or [email protected]
More serious politics should go in [email protected].

Try not to spam the same link to multiple feddit.uk communities.
Pick the most appropriate, and put it there.

Posts should be related to UK-centric news, and should be either a link to a reputable source, or a text post on this community.

Opinion pieces are also allowed, provided they are not misleading/misrepresented/drivel, and have proper sources.

If you think "reputable news source" needs some definition, by all means start a meta thread.

Posts should be manually submitted, not by bot. Link titles should not be editorialised.

Disappointing comments will generally be left to fester in ratio, outright horrible comments will be removed.
Message the mods if you feel something really should be removed, or if a user seems to have a pattern of awful comments.

founded 1 year ago

MODERATORS

[email protected]

Some good news for mortgage holders (www.gov.uk)

submitted 1 year ago by [email protected] to c/[email protected]

6 comments fedilink hide all child comments

Just saw this linked on Reddit. The government have got all the big lenders to agree to a range of measures to support mortgage holders, including the option to switch to interest-only for 6 months to wait out the period until dates reduce, and various other borrower-friendly options. Have a look if you've been worrying about payments under the current rates

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 6 points 1 year ago

This is good advice 👍 in the medium to long-term, though, it's possible that rates won't be returning to ~2%, so these measures should just be considered as a way for borrowers to buy a little time.