told the BBC they found it hard to access other loans once they disclosed to lenders they had put off mortgage repayments.
Some 2.5 million people have taken a payment break on their mortgage since the start of the pandemic, according to figures from UK Finance.
The Financial Conduct Authority (FCA) says it’s also considering a possible payments holiday for people struggling to pay off debts such as credit cards and personal loans.
“We are working quickly with industry to determine whether a similar approach should be adopted for consumer credit products,” it said.
But the FCA says borrowers who can afford to do so, should continue making repayments.
It will announce further details about the extended mortgage holiday scheme tomorrow.