The COVID-19 mortgage holiday for many has been a welcome rest for their bank accounts, whilst they are furloughed or work from home. However, there are still many industries, including the arts, entertainment, night venues, events etc. who are unable to earn, and will not until 2021.
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This is a way the govt can help millions of citizens get through this tough time, without a hand out, expense to the govt and without losing their homes. The difference a mortgage holiday can make to someone unable to earn is unequivocally huge.
I urge the Government to work with lenders to extend mortgage holidays for a further 6 months to those whose industries are continuing to remain closed and seemingly will do for the foreseeable future.