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Yes, give full details of your household expenditure.
A formal extension of the term is unlikely, given that you are unlikely to meet the income criteria.
- thanks , so have to be above the red line.Banks are currently not extending the term of facilities for those who have repayment difficulties
- which eventually costs people's more.They do agree to reduced levels of repayments for a limited period.
yes I agreeIt's effectively the same thing. i.e. reduced payments means a term extension, unless the borrower makes up for the period of reductions with increased in subsequent payments.
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