The UK Chancellor, Rishi Sunak, has recently requested banks to provide support for mortgage borrowers who are facing financial difficulties due to the coronavirus pandemic. This comes as a welcome relief for many people who are struggling to make ends meet during this difficult time.
The Chancellor has asked banks to offer a range of measures to help those who are struggling with their mortgage payments. This includes offering payment holidays, extending loan terms, and reducing interest rates. These measures are designed to help people who are facing financial hardship due to the pandemic, and ensure that they can keep up with their mortgage payments.
The Chancellor has also asked banks to be flexible and understanding when dealing with customers who are experiencing financial difficulties. Banks should work with customers to find the best solution for their individual circumstances, and ensure that they are not unfairly penalised for their current situation.
The measures announced by the Chancellor are a welcome relief for many people who are struggling to make ends meet during this difficult time. However, it is important to remember that these measures are only temporary, and that people should seek professional advice if they are having difficulty managing their finances.
Overall, the measures announced by the Chancellor are a positive step towards helping those who are facing financial difficulties due to the coronavirus pandemic. It is important that banks take these requests seriously and do all they can to help those in need.