Which? response as FCA says lenders should halt home repossessions

Gareth Shaw, Head of Money at Which?, said:

“The FCA is right to give its support to mortgage borrowers – by calling for a stop to repossessions or extra charges on payment holidays – while many are going through a difficult time amid the coronavirus outbreak.

“Mortgage lenders must move swiftly to ensure those in need of assistance get clear information about how these schemes will work in practice – and that the process for doing so is straightforward, ensuring consumers can easily access the support they need in the challenging months ahead.”

-ENDS-

Notes to editors

• Which? is a non-profit organisation working to make life simpler, fairer and safer for consumers.
• During the coronavirus crisis, Which? is making a range of news, advice and guides available for free for anyone who needs it at https://www.which.co.uk/news/coronavirus/

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