[November 19, 2020]

UK Mortgage Deferral Hangover Report 2020: Impact of the Covid-19 Pandemic and how Many Borrowers will be Affected and for how Long - ResearchAndMarkets.com

The "UK Mortgage Deferral Hangover 2020 Report" report has been added to ResearchAndMarkets.com's offering.

The UK Mortgage Deferral Hangover Report combines expert insight with the publisher's unique data on the impact of the Covid-19 pandemic to determine how many borrowers will be affected in the UK and for how long.

This report draws from a comprehensive consumer research conducted by the publisher in March to June of 2020. As the COVID-19 global health pandemic unfolded, the publisher surveyed more than 8,000 UK consumers to forecast the immediate impact on mortgage borrowers, and their lenders, over te next 12-24 months.

Some key findings from the report include:

• One in five borrowers will be facing mortgage stress in the next 12 months
• Almost 24 million UK consumers have been, or expect to be, impacted financially by the Covid-19 pandemic
• Over 300,000 more borrowers are likely to seek repayment deferrals by October 31st
• Young families with children will feel the impacts for the longest

Companies Mentioned

• Nationwide
• Halifax
• Barclays
• Santander
• HSBC
• NatWest
• Lloyds Bank
• Coventry Building Society
• First Direct
• Virgin Money
• TSB Bank
• Royal Bank of Scotland
• The Co-operative Bank
• YBS Group
• Skipton Building Society
• Bank of Scotland
• Leeds Building Society
• Bank of Ireland
• Birmingham Midshires
• Cheltenham & Gloucester

For more information about this report visit https://www.researchandmarkets.com/r/2oa1nn

View source version on businesswire.com: https://www.businesswire.com/news/home/20201119005999/en/

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