January 23, 2021
‘Mortgage payment holiday should be extended’ – Archibald

Sinn Féin MLA Caoimhe Archibald has called for the extension of mortgage payment holidays in light of the ongoing restrictions.

The party’s economy spokesperson said:

“The Financial Conduct Authority (FCA) has previously put in place guidance on payment breaks for borrowers, including for mortgage holders and SMEs. 

“The period for mortgage payment holidays had been extended until the end of January, however, the maximum that any individual could have a payment break for is six months.

“With restrictions here now extended until the beginning of March and the potential for these to be extended further, I have written to the FCA urging that guidance is put in place to allow for further payment holidays and to enable individuals to obtain a nine month mortgage payment holiday if required.

“I have also urged them to ensure these payment breaks are not subject to additional interest charges.

“This pandemic and the latest round of public health measures has resulted in job losses and financial insecurity for so many borrowers, including mortgage-holders and small businesses.

“The financial institutions including banks need to play their role in supporting people through this unprecedented health crisis and its economic fallout and give small businesses, workers and their families a break.”

Follow us online

Latest Tweets

Carers across the state are stretched beyond their means, and their work is taken for granted.

Our plan before the Dáil this evening would increase payments for all carers so that they are adequately supported.

Carers deserve better - their voices must be heard! @DMitchellTD

We must work together to create more good jobs so that our young people have a future here.

I have a positive vision for Derry – at the heart of it is building our economy, ensuring our local businesses thrive & working with our Executive team to transform & invest in our city.

I am delighted to join our Fermanagh and South Tyrone candidate, Pat Cullen, as we speak to workers, families, and local businesses.

As a Trade Union leader and a champion of our health service, Pat knows what it means to have the backs of ordinary people.

She will bring that

Minister must bring forward solution for Forgotten Farmers in this year’s Budget – Claire Kerrane TD


Load More