Deadline of June 30th for payment break applications
Homeowners and businesses seeking a Covid-19 payment break from their bank are being reminded June 30th is the deadline to apply.
140,000 mortgage, personal and business loan deferrals have so far been approved since it became available in mid-March.
The service provides for a payment break of three to six months for those whose incomes have been impacted by the crisis.
BPFI chief executive Brian Hayes says there are a number of options for those who're now coming to the end of their break.
"Number 1 - can you go back and pay your full mortgage, can yo make a part payment, do you need another three month extension?
"Then around those option will be whether or not you want to, at the end of that six month period, put all that interest in capital over the full term of the loan, or use a term extension to that loan."
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