It was a rapid moving week for the mortgage market, as the government and Bank of England adjusted to the economic impacts caused by the novel coronavirus.
The most read stories this week unsurprisingly related to industry updates as a result of these changes, including the three-month mortgage holiday announced by the chancellor which was then extended to buy to let and Help to Buy borrowers.
Outside of government-led changes were those made by banks, such as allowing customers impacted by Covid-19 to miss mortgage payments without risking damage to their credit history.
How the residential and buy-to-let mortgage payment holidays will work
Lloyds and NatWest lay out missed mortgage payment plans due to coronavirus
Nationwide confirms mortgage holidays will not damage borrower credit history
Bank of England cancels stress tests
Mortgage payment holiday extended to buy-to-let and Help to Buy
Homeowners given three-month Covid-19 mortgage holiday, chancellor announces
Mortgage lenders halt residential and buy-to-let repossessions – how it will work
Barclays’ mortgage rescue package includes interest-only switch option
Bank of England could lower rates and restart QE to shield against coronavirus hit
Brokers warned to change business models as five-year fixes return
Shekina is a reporter at Mortgage Solutions. She has over two years experience in the B2B publishing market, with previous industries including the pet, funeral, hospitality, retail and jewellery trades.
Follow her on Twitter at @ShekinaMS