Home » News » Lenders offer Coronavirus payment holidays previous nextProducts & ServicesLenders offer Coronavirus payment holidaysRBS is giving customers hit by Coronavirus a three-month mortgage-payment holiday, with other lenders likely to follow.Richard Reed11th March 202001,769 Views Moves by mortgage lenders to offer payment holidays over the Coronavirus outbreak will reassure agents fearing the imminent collapse of chains.The Royal Bank of Scotland is giving customers affected by the virus a three-month mortgage-payment holiday, with other lenders likely to follow suit.With the fallout from COVID-19 likely to last many months, and some experts predicting another financial crash, the speedy move will go some way to maintain confidence in the market.Stephen Jones, Chief Executive of trade body UK Finance, said: “Banks, building societies and credit card providers understand that some of their customers may be worried about the effect that contracting the Coronavirus could have on their finances, for example due to a drop in income or because of unexpected expenses or bills to pay.“All providers are ready and able to offer support to their customers who are impacted directly or indirectly by COVID-19, which could include offering or increasing an overdraft or allowing repayment relief for loan or mortgage repayments: asking for help early is key.”An RBS spokeswoman added: “We are monitoring the potential impact of Coronavirus across all our customers to ensure we can support them appropriately through any period of disruption.“We understand that there may be circumstances where a personal customer may fall into financial difficulty as a result of the impacts of Coronavirus, for instance, loss of income.“We will look to understand each customer’s situation on a case-by-case basis and can offer a number of options to help them manage their finances. We would encourage any customer experiencing financial difficulty to get in touch with us.” Business supportBoth RBS and Lloyds have also offered support to small businesses, which could prove vital for local agencies if the market falters, as they struggle to compete against the big chains.RBS has said it is putting aside £5bn to cover emergency loans and has contacted more than 5,000 business customers to offer support. Firms will be able to apply for loan repayment holidays of up to six months.mortgage holiday coronavirus mortgage lending RBS March 11, 2020Richard ReedWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021
Topics : Over the past 3 months, millions of people have taken to the streets to protest against racism, while bars and restaurants have reopened around the world, as have some factories, food markets and even outdoor concerts.Did any of these events contribute to the spike in COVID-19 infections that are now close to 12 million, with the death toll exceeding 540,000?This is what some experts say: Black lives matter protestsThousands of people took to the streets across the US beginning in late May to join Black Lives Matter protests against police brutality. Protesters also marched to support the movement in cities in Europe and Asia, prompting concerns of surges in new coronavirus cases.Public health experts say there has yet to be conclusive evidence of large-scale spread from these events. “The protests were outdoors in a very large area,” said Dr. Marybeth Sexton, assistant professor of infectious diseases at Emory University School of Medicine. Sexton noted “a lot of attempts at masking, distancing, hand-sanitizing” during the protests that also helped prevent transmission.Reopening of bars Public health experts have said that bar and restaurant openings in regions including US states like Texas and Florida, Spain and South Korea have contributed to outbreaks of the virus.”The equation for major prevention of this virus is really pretty simple: it’s masks, and avoid congregating indoors and … staying away from people if you’re sick or if you’ve been in contact with somebody who’s sick,” said Dr. Jared Baeten, Vice Dean of the School of Public Health at University of Washington, who called some of the bar and restaurant openings an “unmitigated disaster.”Spain has had to impose restrictions on about 70,000 people in the northwestern region of Galicia following an outbreak linked to bars near the port area of A Marina.South Korea has reported at least 271 cases as of Saturday linked to a handful of nightclubs and bars in Seoul’s Itaewon neighborhood.On the other hand, thousands gathered in cities across France for the annual June 21 “Fete de la Musique” event just days after it eased strict lockdown measures to take in mostly outdoor concerts in cafes, bars and city squares.Many participants did not wear protective masks but data shows infection rates remaining stable since late May.”The fact that most concerts were outside has helped contain the risk,” said Martin Blachier, head of market access and value with Paris-based epidemiological and disease modeling firm Public Health Expertise.FactoriesAn outbreak in the city of Leicester, which entered England’s first localized lockdown last week, has been attributed in part to working conditions in garment factories.Meat-processing plants around the world have also proved to be coronavirus infection hotspots.
Ghana FA Technical Director Francis Oti Akenten has been drawn into the growing debate involving payments of bonuses for the victorious Black Queens after they won gold at the All Africa Games. With the Ministry of Youth and Sports and the Queens management committee not agreeing on how much should be paid the team, the GFA Technical Director has been forced to speak.Key among the discussions have been claims that it was he who negotiated the bonuses of the Black Queens. But in an interview on Asempa FM’s Sports Night on Thursday, Oti Akenten clarified his role.”I was only a messenger who conveyed information from the ministry to the FA. l attended the meetings but I never knew how much was to be paid.””It was information [I passed on and] not negotiations. l can’t negotiate for bonuses. l don’t have the mandate to negotiate,” he addedSTORY OF UNFULFILLED PAYMENTS According to the Black Queens Management Committee, the players and officials are EACH due a total of $23,000, with the following breakdown.In May, long before the All Africa Games football tournament started this, the Queens had beaten Egypt home (3-0) and drew away (1-1) in a Rio 2016 Olympic qualifier. The $6,000 qualification reward for that was never paid for.Then came a home-and-away victory over Zimbabwe in an All Africa Games qualifer. That $6,000 qualification reward was also never paid for.During the All Africa Games proper, the bonuses owed them from the group stage to the final – which they won – add up to $11,000.All this is known by the Ministry of Youth and Sports, who had approved this arrangement months ago, according to reports. –More on this storyDetails of $23K gov’t owes Black Queens; team threaten demo Why is Mahama’s govt degrading the Queens’ AAG gold medal this way?– Follow Joy Sports on Twitter: @Joy997FM. Our hashtag is #JoySports