Mortgage lenders who are members of UK Finance and the Building Societies Association (BSA) have revealed a voluntary moratorium on possessions from Monday 13 December until Tuesday 4 January 2022.

The lenders have agreed that they will not seek, or enforce, a warrant for possession for residential and buy-to-let (BTL) properties during this period.

The possessions moratorium sits alongside other forbearance measures which lenders continue to use for customers struggling with their mortgage payments.

Eric Leenders, managing director of personal finance at UK Finance, said: “Lenders have come together to agree a voluntary pause on possessions over Christmas and the new year, providing customers peace of mind that they will stay in their homes over the festive period.

“For anyone who is struggling with their finances, there are a range of options available, and lenders stand ready to help.

“Customers should contact their lender as soon as possible if they need support.”

Paul Broadhead, head of mortgage and housing policy at the Building Societies Association, added: “Repossessing someone’s home is an absolute last resort and lenders do all that they can to provide people suffering financial difficulties with the tailored support that they need.

“The aim is to help people get back on their feet, but this Christmas and New Year moratorium will give some respite to those who have reached the end of the road.

“For anyone who is facing financial difficulty the message is to get in touch with your lender early, as this gives the best chance of success.”