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One in seven mortgages are now covered by payment holidays following steps taken by lenders to help households whose finances have been affected by the Covid-19 crisis.
Due to the ongoing coronavirus crisis the BSA 2020 Annual Conference has been rescheduled to May 2021.
Young Money and the BSA have today launched a set of financial education materials for children, parents and carers to use while schools are closed.
To help home movers impacted by Covid-19, mortgage providers will give customers who have exchanged contracts the option to extend their mortgage offer for up to three months to enable them to move at a later date.
It is with deep regret that we have made the decision to postpone the BSA Conference.
Banks, building societies, the Post Office and credit unions are working closely with the FCA, the Prudential Regulation Authority and HM Treasury to maintain branch access for essential services (such as counter services or supporting a bereavement), balancing the needs of their customers with the safety and welfare of staff.
The banking and finance industry remains committed to supporting all customers who are impacted directly or indirectly by COVID-19 and has announced a series of measures to help them during this time.
Criminals use exceptional circumstances like the current COVID-19 situation as a chance to pose as employees of a genuine organisation, such as building society / bank staff and police officers and target you for fraud scams.
Further to the Chancellor’s announcement regarding the mortgage industry’s support for homeowners who are experiencing financial issues due to COVID-19, lenders representing banks, building societies and other specialist lenders have come together to announce additional support for homeowners and residential landlords.
The latest BSA position on COVID-19 (coronavirus)