Day: 1 April 2020

Credit reference agencies agree to freeze credit scores

Three of the biggest credit reference agencies say that payment holidays taken as a result of coronavirus will not affect credit scores. Experian, Equifax and TransUnion all say that this ‘emergency payment freeze’, as they call it, includes mortgage payment holidays The payment freeze will not be recorded within the credit report at all, but the agencies warn that borrowers should ask individual lenders if going on a payment holiday will have an impact on future lending decisions because of …

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Government loosens right to rent rules

The government has made a temporary change to right to rent rules to make checking easier for landlords. The changes allow for landlords to see scanned documents rather than insist on original documents and allow for checks to be made over video calls. Despite this relaxation of rules, which is effective immediately, the government reiterates that checks are still necessary, and that, “it is an offence to knowingly employ or let property to anyone who does not have legal immigration …

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