Please be aware that taking a payment holiday might have implications especially if your existing mortgage rate is due to end or if you plan on purchasing once things get back to ‘normal’.

We are only advising to take a payment holiday if it’s your last resort, not just because you can. The payment is typically added onto your loan with interest and will cost you more in the long term.

If you do not what is the right thing to do, then please contact us and we can talk you through your options.

However, if you are not in a position to make your contractual mortgage payment, the link below will take you through to the website of the very well respected financial journalist , Martin Lewis , and he has collated a lot of information about what help you may be eligible for with regard mortgages, credit cards and loans:

If your lender is not on here please let us now and we will find the answer out for you.

If you are intending to call your lender direct, please be aware they are struggling to cope with demand, and you could be on hold for over 2 hours. It may be worth checking their website and some will have an online form you can use to apply.

Martin Lewis

FCA Guidance on Payment Holidays

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