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The Guardian - UK
The Guardian - UK
Business
Zoe Wood

Mortgage 12-month grace period: what’s in it for you?

Jeremy Hunt Britain StepChange
Estate agent signs placed outside houses.
More than 1 million households are due to roll off their fixes in 2023. Photograph: Jill Mead/The Guardian

Struggling homeowners are to be given a 12-month grace period before their home is repossessed as part of a new “mortgage charter” struck between Jeremy Hunt and Britain’s biggest lenders after this week’s shock interest rate rise.

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