Mortgage Break

irnbruicecream

Hiya,

Just wondering if anyone on here has taken a mortgage break with nationwide? My partner recently lost his job, its the nature of his work and is due to return to the same company within the next couple of months.
A mortgage break would really help financially but not sure if Nationwide offer this.

Any advice would be appreciated.

VIGILANT22

Payment holidays

Time off from paying your mortgage.
There may be times in the future when you want to take a break from paying your mortgage. Whether you're taking a break from regular employment for a while or starting a family, you can apply to take a payment holiday of between 3 and 12 months.
Not all of our products have the payment holiday feature, Consumer Credit Act 1974 regulated accounts do not benefit from this feature.
Certain conditions apply and you must have held a Nationwide mortgage for 1 year or more.
Once your request has been granted, you'll receive a letter confirming the dates of your payment holiday.
If you are experiencing payment difficulties i.e. your income is insufficient to cover reasonable living expenses and meet financial commitments as they become due, please call us to discuss all the options that are available to you as a payment holiday may not be appropriate. More info

http://www.nationwide.co.uk/MortgageStatement/flexible_features.htm

irnbruicecream

Thanks, I might give them a wee ring tomorrow, we'd only be looking for a maximum of three months.

Thanks again

VIGILANT22

Don't worry...many people like yourself........