Almost two million homeowners have told their mortgage lender that they are unable to meet their monthly repayments. Figures published by UK Finance, the banking lobby group, showed that 1.9 million mortgage payment holidays have been taken by borrowers in the last three months. This is equivalent to one in […]
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Landlords to be taken to court if they are unable to carry out repairs during lockdown
Almost a million landlords could be forced to pay compensation to tenants if they are unable to fix problems in their properties during lockdown. Payments could easily add up to thousands of pounds and will come on top of legal fees and the cost of having to carry out emergency […]
Underwriters unable to meet pandemic insurance demands
Insurance bosses have called for the state to step in to meet the cost of future pandemics because the industry will never be able to cover the losses inflicted by viruses like Covid-19. The market for pandemic insurance is failing as insurers are unwilling and unable to meet the surge in […]