Live Breaking News & Updates on April Centrix Credit Indicator Outlook

Mortgages in financial hardship up 10 percent in April, tipped to rise over coming months - credit report
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1 day ago
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The number of mortgage borrowers experiencing financial hardship increased by 10 percent in April - and that number could rise, a new report shows.
The April Centrix Credit Indicator Outlook released on Tuesday, shows 11,900 mortgage accounts were flagged as under financial hardship, up 1100 (10 percent) month-on-month. This followed the end of the mortgage holiday scheme on March 31.
Under the mortgage holiday ( mortgage deferral ) scheme, borrowers experiencing financial hardship could pause their loan principal and interest payments while they got back on their feet. Initially for six months, the scheme was extended a further six months and ended on March 31. Over the holiday period, interest costs accrued were added to their loan balance. ....

Keith Mclaughlin , April Centrix Credit Indicator Outlook , கேய்ட் ம்கிலௌஊகிலின் ,