Robin Penfold is a partner and Emily Morton is an associate in the Financial Services Regulatory Team at TLT LLP. On a regular basis, Robin and Emily share their views with Practical Law Financial Services subscribers on topical regulatory developments in the mortgage market.

In their April 2020 column, and one month after the FCA issued its payment holiday guidance, Robin and Emily reflect on the mortgage market response to COVID-19 and areas of focus for lenders in developing their exit strategy from these temporary measures.