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The Independent UK
The Independent UK
National
Vicky Shaw

Homeowners who lose job ‘may face initial lack of help with mortgage payments’

Steve Webb DWP Bank of England UK Finance
PA Wire

Homeowners who end up struggling with their mortgage payments due to a job loss may have to build up significant arrears before help arrives, according to a former pensions minister.

Sir Steve Webb said the number of people receiving government help with their mortgage costs has collapsed since a reform to the system in 2018.

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