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Manchester Evening News
Manchester Evening News
Business
Kieran Isgin

Martin Lewis reacts to mortgage announcement saying 'it looks like chancellor has listened'

Martin Lewis Jeremy Hunt

Martin Lewis has given his reaction to chancellor Jeremy Hunt's mortgage announcement.

Mr Hunt announced today that he has agreed to measures with lenders which aim to help mortgage holders struggling with high-interest rates. In a meeting with banks and building societies at Downing Street, Mr Hunt said they agreed to implement a 12-month minimum before repossessing homes.

He added that lenders agreed to allow struggling borrowers to extend the term of their mortgages or move to an interest-only plan temporarily with ease.

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