Homeowners will be able to defer payments on their mortgage for up to two years if they lose their jobs — in the U.K.

Check this out: “The Bank of England is today expected to announce another sharp reduction in interest rates to make life easier for struggling homeowners, but the Government scheme goes much further in a bid to insulate people against the threat of repossession. Under the terms of the new mortgage guarantee plan, households with mortgages … More Homeowners will be able to defer payments on their mortgage for up to two years if they lose their jobs — in the U.K.