Last updated: 12:10 18 March 2020

BSA response to Chancellor's 17 March statement (18 March)

Robin Fieth, Chief Executive of the Building Societies Association (BSA) said:

"Building societies are acutely aware that mortgage payments account for a substantial proportion of household expenditure.

"At this difficult time anyone who is worried about their ability to pay is encouraged to get in touch with their lender. 

"Societies are geared up to be flexible and will be using the widest range of payment forbearance tools available to them, including repayment holidays."

More information for consumers:

https://www.fca.org.uk/consumers/mortgages-coronavirus-consumers