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Ways we can help
If your mortgage has flexible features (you can call us or check your original Offer of Loan to confirm) then you may be able to take a payment holiday of up to three months.
Important information about payment holidays:
- Payment holidays are only suitable if your financial difficulties are short term and you’ll be able to afford the increase to your monthly payments at the end of the payment holiday.
- The missed payments will not be classed as arrears and will not be reported to credit reference agencies.
- If you have a repayment mortgage, the missed payments will be paid back over the remaining term of your mortgage. This will result in you paying more interest.
- If you have an interest only mortgage, the missed payments will be added to the amount you owe. This means that the amount you need to pay back at the end of the mortgage term will be higher and you will pay more interest.