What am I going to spend my money on?

April 3, 2020

 

So they gave us the life jacket of Mortgage Holidays - that was nice of them! Now they are playing hardball on affordabilty. Yes I understand that there is going to be a potential issue with regards to affordability if you lose 20% of your salary but we are all staying at home, not spending money, not going out to the pub, restaurants, cinema etc. Is there not a case for saying that one balances the other out?

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. BRICKS AND MORTAR MORTGAGES LIMITED IS AUTHORISED AND REGULATED BY THE FINANCIAL CONDUCT AUTHORITY.