Mortgage payment holidays...

The scheme should've ended on Saturday but was extended. This means that if you have been affected by Covid-19 financially, you can apply to have your mortgage deferred for up to six months yet will still accumulate interest over this period. The financial Conduct Authority (FDA)

  • “If you've not yet taken out a payment holiday, you'll be eligible for two payment deferrals up to a maximum of six months in total.
  • If you currently have a payment holiday in place, you'll be able to apply for one further three-month deferral.
  • If you've resumed repayments after a payment holiday, you'll be eligible for another three-month deferral.
  • If you've already had two three-month payment holidays, or have agreed alternative support with your lender, you won't be eligible for a further deferral.”

READ MORE: https://www.which.co.uk/news/2020/11/coronavirus-how-to-apply-for-a-three-month-mortgage-payment-holiday/ - Which?

READ MORE: https://www.bbc.co.uk/news/business-54768692