That 25% deposit thing will only last as long as the Covid restrictions last. Which makes them immaterial as house buyers can’t view houses or go through the process anyway due to the restrictions. I think it’s just a case of freeing up some banking resources to cope with all the other fallout and people taking mortgage holidays etc.

I sold my house at start of March and am due out end of May. Haven’t been able to view anywhere recently and have been told that the sale is still going ahead…! Fuck knows what will happen, I’m not even sure I’d be allowed to move to a new place during these restrictions.