Figures calculated by L&C Mortgages suggest that the mortgage breaks that have been taken by 1.6m homeowners because of the COVID-19 pandemic, could cost them at least £821m in extra interest. The figures suggest that a three-month mortgage payment holiday will, on average, save homeowners £2,256 over the period. But they will end up paying back an additional £500 because of the interest owed on the unpaid sum.

 

 

 

 

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