A mortgage holiday doesn’t mean you’ll receive free money, it simply means you can relax a little as you won’t have to pay your mortgage for a few months until you’re back on your feet again.

The interest will still need to be paid but not during the mortgage holiday period. The interest, plus the regular mortgage payments, will need to be paid once your usual payments resume as normal.

Usually taking a mortgage holiday would affect your credit score, but in this case, lenders are saying that it will not have any detrimental effect on your credit score, going forwards.

Yes, even if you’ve taken a mortgage break once already, you can still take another one.

These figures above are for illustration purposes only and do not necessarily represent what you may or may not be offered for your property.

You should carry on paying your mortgage for as long as you can manage to. If you know you’re going to struggle to make your next payment, the more notice you can give us the better, so please give us a call and we can discuss what your options are. 

It’s specifically for those who are struggling financially at the moment. To apply, you’ll have to be up-to-date with all your mortgage payments so far.

Give your mortgage adviser a call and we’ll put you in touch with your lender.

Lenders have created a fast track system to approve applications as soon as possible. Your lender might ask you a few questions to try to understand exactly what financial difficulty you’re in, but don’t worry about this, it’s just to make sure that a mortgage holiday is definitely the right option for you.

If you can’t afford to pay the rent, your landlord will not be able to evict you, so you’ll also have some breathing space during this difficult time.

Lenders have agreed that if you have a buy-to-let mortgage, you can also apply for a three month mortgage holiday by speaking to your mortgage adviser or lender.