Mortgage Payment Holiday
In response to the Covid-19 outbreak and the subsequent announcement from the UK government, many lenders have outlined their mortgage payment holiday process.
If you are facing financial difficulty, we encourage you to contact your mortgage lender as soon as possible.
We have provided the menu below for you to easily find the process for your mortgage lender.
By clicking the link, you will be redirected from our website to the lender's own site.
When you contact your lender, remember the following:-
1) Document any communications you have e.g. who did you speak to, at what time, etc. So, if later on there are any discrepancies, you have a record of your call.
2) Confirm with the lender whether by taking this holiday, if it will impact your credit history, class as a missed payment or as an arrangement to pay. Although the answer is likely to be NO, check.
3) If your current mortgage deal finishes during your payment holiday, please ask the lender whether they will consider a product transfer while on a payment holiday. If not and your deal finishes, you could be on their higher standard variable rate when the deal expires.
PLEASE DO NOT JUST STOP MAKING YOUR MORTGAGE PAYMENT WITHOUT SPEAKING TO YOUR LENDER FIRST THINKING THIS WILL BE AUTOMATICALLY COVERED UNDER THE GOVERNMENT SCHEME.
Last updated 25/03/2020