LONDON, Dec 7 (Reuters) – British banks ought to reside as much as their duties and help mortgage debtors who’re struggling to make funds in the price of residing disaster, finance minister Jeremy Hunt mentioned on Wednesday.
Hunt’s feedback got here after he met with executives from Britain’s largest excessive road banks together with NatWest, Lloyds, HSBC and Barclays, in addition to the chairman of regulator the Monetary Conduct Authority and shopper champion Martin Lewis.
The banks agreed on the assembly to supply help to prospects, the finance ministry mentioned in a press release, resembling switching to cheaper mounted charges with no new affordability check, extending a mortgage or reducing month-to-month funds.
“We count on each lender to reside as much as their duties and help any mortgage debtors who’re discovering it powerful proper now,” Hunt mentioned.
Reporting by Iain Withers; Enhancing by Mark Porter
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