Several clients have tried to take a payment holiday on mortgages, but few have been succesful.
One client today told me Halifax are up to speed.
Had anyone seen a list of "banks actively able to offer payment holidays?"
It would be a useful resource to link to our covid-19 website.
Looks like we have a list starting, please add to the bottom, and I will edit.
Halifax
Nationwide
Natwest
Virgin
Replies (4)
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Our Mortgage has this as standard you can take a payment holiday twice within the lifetime of the agreement for a maximum of 3 months each time.
So it could be worth getting them to check with there lender. Our Mortgage is with Halifax.
Natwest confirmed to me today that a 3 month holiday will be added to the end of the term and interest adjusted accordingly.