The Financial Conduct Authority has warned homeowners to be cautious over taking advantage of mortgage holidays, after the scheme was extended for a further three months. The FCA said that homeowners face paying thousands of pounds in extra interest if they put off making payments. The FCA’s Christopher Woolard says that if customers can afford to restart payments “it is in their best interests to do so”, but support will be given to those who can’t.
SOURCE: NACFB FT Adviser Daily Express Daily Mail
