Coronavirus: New mortgage holiday should affect credit record, says Nationwide boss
Image copyright PA Media Image caption Nationwide announced a sharp fall in profits
A borrower’s credit file should be marked if they take a further mortgage holiday, the Nationwide has said.
Lenders look at somebody’s credit rating when deciding whether to agree to a fresh loan or contract and the interest rate they will charge.
Joe Garner, chief executive of the Nationwide Building Society,…