Jim Pickard New details (but not many) of the “Mortgage Support Scheme”

The Treasury has just put out details of how its new anti-repossession scheme will work. (The one in which, if you lose your job, the bank will defer part of your interest payments for up to two years.)

They still only have support “in principle” from eight lenders. That means no change from last week’s announcement in the Queen’s Speech.

Here’s the link if you want to know more.

UPDATE: The Council of Mortgage Lenders are still lukewarm. “We still need clarification as to what the costs of the scheme may be for lenders.”