Mortgage Payment Holidays

Around 2m mortgage customers (including buy-to-let borrowers) have taken a mortgage payment holiday*, and for those that haven’t, they may be able to apply for one up to the 31 October 2020.

However, whilst it shouldn’t affect your credit rating, do consider if it’s the most suitable route forward for you:

(i)  As it’s not so much a ‘holiday’, but more a mortgage payment ‘deferment’.

(ii)  You need to agree this with your mortgage lender, so you can’t just stop making payments.

(iii) Lenders may ask if you participated and may factor that into future loan applications.



Whilst over 70%* of participants have returned to making full mortgage payments, the Financial Conduct Authority recognises that some may require further help and has asked lenders to deliver structured payment plans.

However, this support will come at a price, including being flagged on your credit file.

(Source: *UK Finance, August 2020)
Speak to one of our mortgage experts
Enter your number below to schedule a callback with one of our team.*
Now choose your preferred day and time
Excellent service, highly recommended. Great communicators and very helpful for us as first-time buyers.
Always there to help with helpful and honest advice, would recommend to anyone. We are first time buyers and they really helped with simplifying all the jargon and giving us great advice.
Chris M
Great communication and customer service throughout the process.
A very helpful, trustworthy and straight,-talking service that got us the result we wanted.
First time buyer
Very informative personnel, happy to help and easy to communicate with. I would definitely recommend.
Excellent service! Couldn't ask for.more. thank you so much !!
Mr&Mrs Martin
Request a
call back
Preferred day*
Preferred time*

Arrange a callback

Please complete the form below and one of our specialist mortgage advisers will call you back.
Preferred day*
Preferred time*

We use cookies on this website. You are free to manage cookies settings via your browser at any time. To learn more about how (and why) we use cookies, take a look at our Privacy Policy.