We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Mortgage Holiday help please?!
slw11
Posts: 1 Newbie
We are considering taking a mortgage holiday for a few months to help us with our wedding payments, does anyone have any advice/knowledge about how this will affect our mortgage in the future? Will we have to pay anything during that break?
0
Comments
-
Talk to your lender. There was a post last week from someone who found their credit file marked with mortgage arrears after an agreed payment holiday.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0
-
At some stage your payments will increase because your mortgage will still continue to attract interest but you will not be paying anything off the capital.
This is quite a useful read; http://www.money.co.uk/article/1003348-how-to-take-a-mortgage-payment-holiday.htm0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.1K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.2K Work, Benefits & Business
- 600.8K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards