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Daily Mirror
Daily Mirror
Business
Ruby Flanagan

Urgent message for homeowners as 356,000 more people set to face mortgage difficulties

The financial watchdog has urged mortgage lenders to do more to help struggling borrowers during the cost of living crisis.

The Financial Conduct Authority (FCA) says lenders must offer support to customers who have missed payments or are worried they may not be able to make payments in future.

Lenders should offer options such as extending the term of someone's mortgage or making reduced monthly payments for a temporary period.

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