Part Payment of Mortgage not affecting credit score???

mortgage2020

Hi,

I called my mortgage company to arrange a 3 month holiday yesterday which was fine.
It will only kick in at the end of April as its too soon towards end of March to sort this month.
However, the advisor told me that if i make a Part-payment this month (i.e. literally ANY amount like £10) then it wont affect my credit file.

I asked a couple times to clarify this and she explicitly said it wont affect my credit.

Is this correct? in my mind, this would surely put me in arrears and show on my credit file?

Its Heliodor Mortgages if that makes a difference? (they arent a lender - they are the new NRAM)

any help appreciated

mortgage2020

surely someone might have some insight?

Thrugelmir

I won't be surprised if companies such as Heliodor are requested to follow the same guidelines as the mainstream lenders who are the members of the CML. 

mortgage2020

Thrugelmir said:

I won't be surprised if companies such as Heliodor are requested to follow the same guidelines as the mainstream lenders who are the members of the CML. 

What are the guidelines? would a part payment for another lender put me on "arrears" and therefore affect credit score?

Thrugelmir

mortgage2020 said:

Thrugelmir said:

I won't be surprised if companies such as Heliodor are requested to follow the same guidelines as the mainstream lenders who are the members of the CML. 

What are the guidelines? would a part payment for another lender put me on "arrears" and therefore affect credit score?

Payment holidays taken will not be marked as "arrears" during the duration of the crisis. 

mortgage2020

Thrugelmir said:

mortgage2020 said:

Thrugelmir said:

I won't be surprised if companies such as Heliodor are requested to follow the same guidelines as the mainstream lenders who are the members of the CML. 

What are the guidelines? would a part payment for another lender put me on "arrears" and therefore affect credit score?

Payment holidays taken will not be marked as "arrears" during the duration of the crisis. 

sorry, i think you misread my post.

I have a 3 month holiday starting at the end of April.

However the advisor told me that if i made a part payment in March (end of this month) that it wont affect my credit file

Thrugelmir

Ah ok.
The current waiver would seem to apply to a 3 month period covering the payments due in the months of April, May and June. Majority of mortgage payments being made at the beginning of the month. Events over the coming few weeks will determine what the future holds in store beyond this time frame.