We have already created a regularly updated page that contains the latest coronavirus measures, advice and help for small businesses and the self-employed.

COVID-19 has affected many people's personal finances too. Government, banks and lenders offered a variety of support packages, such as the Furlough Scheme, mortgage payment holidays and a halt on evictions. Unfortunately, these have all but ended.

However, you may still be able to find help if you are struggling with your personal finances. We offer some suggestions below. If support packages are announced in the future, we will update this page. To make sure you keep up to date, we recommend signing up for our newsletter. You can do this on our blog home page.

  1. Help with mortgages

    1. MORTGAGE PAYMENT HOLIDAYS
      Until 31st March 2021, banks and lenders offered 3-month mortgage holidays that wouldn't show up on your credit file. These have now ended. You may be able to negotiate a mortgage holiday with your lender, but be aware that this could now have a negative effect on your credit rating.
    2.  MORE AFFORDABLE MORTGAGE RATES
      You may be able to find a more affordable mortgage. Keep an eye on the market and see whether you can get a cheaper deal on your current mortgage.
  2. Sick Pay

    1. SICK PAY
      If you become ill with COVID-19 and have to self-isolate - or you live with someone who has to self-isolate - you may be able to claim Statutory Sick Pay (SSP).You can find more details here.
  3. Other financial help

    1. LOANS / CREDIT CARDS / CAR FINANCE
      Again, you may be able to negotiate payment holidays or temporarily reduced payments with lenders. However, these are now likely to affect your credit rating.
  4. Help with tax

    1. INCOME TAX
      If you are having difficulties paying your Income Tax bill, you may be able to arrange a 'Time to Pay' agreement with HMRC. You can learn more about these agreements here.

FURTHER LINKS ON CORONAVIRUS

For the latest coronavirus news stories and blog posts, please visit the following links:

COVID-19 business news and blogs

Read More

COVID-19 personal news and blogs

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