Will my mortgage lender let me defer payment if I get coronavirus?
The Royal Bank of Scotland group is offering a three-month holiday on mortgage and loan repayments for customers affected by coronavirus.
The banking group, which is 62% owned by the government and also includes NatWest and Ulster Bank, will also allow customers to temporarily increase their credit card limit and access cash in fixed savings accounts with no early closure charge. It is also offering to scrap fees on credit card cash advances and increase cash withdrawal limits up to £500.
It is part of efforts by UK banks to stem a potential tide of defaults if customers get ill or lose pay from employers and clients as a result of the outbreak.
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