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money-1017463_1280.jpg?profile=RESIZE_400xHomeowners struggling financially due to coronavirus will be able to extend their mortgage payment holiday for a further three months, or cut payments.

Mortgage holidays started in March, allowing people to defer payments without affecting their credit rating.

That respite from payments would end for the first applicants in June and the Treasury said the extension would provide certainty for those affected.

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BBC News

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