There should have been a moratorium on rent and mortgage payments as opposed to a holiday imo. People are just getting pushed further and further into debt. https://twitter.com/NickBano/status/1249978431040827393">https://twitter.com/NickBano/...
What& #39;s not being discussed is the impact on people who are already in debt. There are people out there still affected by the crash in 07/08. Some have managed to get back on their feet again. CV19 is another set back and will push them further into debt.
re: mortgages. It& #39;s quite clear from looking at the policy of lenders offering holidays that people in debt aren& #39;t guaranteed assistance.
Renters, out of everyone, will be worse off. LL& #39;s can take mortgage holidays and repay their arrears over the term of their mortgage. Renters could be asked to repay debt over shorter period of time. It& #39;s a nightmare.
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