Banks ‘close’ to extension of Covid-19 mortgage break

 

People who are in financial difficulty because of Covid-19 are set to get another three-month mortgage holiday.

A break for borrowers was introduced in March and it's due to expire at the end of June.

But banks are set to extend the scheme, as the lockdown continues to leave thousands of people out of work.

David Hall, from the Irish Mortgage Holders Organisation, welcomes the plans - but says more support is needed: