Mortgage Payment Holidays Update

Update on Mortgage Payment Holidays. How to apply, what proof is required and credit score impact.


Please read and share with other people that may be interested.

(subscribe to further blogs here)

FCA Guidance

To allay customer fears please note guidance that the FCA has provided to all lenders:

- Grant customers a payment holiday for an initial period of 3 months, where they may experience payment difficulties as a result of coronavirus (Covid-19) and where they have indicated they wish to receive one.

- Ensure that there is no additional fee or charge (other than additional interest) as a result of the payment holiday.