Banks agree mortgage holidays

All the biggest banks and building societies have agreed to give borrowers a holiday on mortgage payments if they are left struggling because of the coronavirus pandemic. RBS and NatWest will allow three-month mortgage holidays, as well as giving higher credit card limits to some. HSBC, First Direct and M&S Bank said that customers who had taken out personal loans could be given "breathing space" of reduced or deferred payments.

The Times (16/03/2020)