Banks Agree to Offer More Help to Struggling Mortgage Holders

Banks Agree to Offer More Help to Struggling Mortgage Holders
A Union Flag flies from HMS Belfast moored on the River Thames in the shadow of the office buildings of the City of London, in London, on Nov. 1, 2020. Justin Tallis/AFP via Getty Images
Alexander Zhang
Updated:

Banks and building societies will offer more flexibility to mortgage holders struggling with high interest rates, Chancellor Jeremy Hunt has said after a meeting with major lenders in Downing Street.

Top executives of banks and building societies were summoned to Downing Street on Friday to discuss ways to help mortgage holders following 13 consecutive interest rate rises in 18 months.