HSBC mortgage payment holiday due to furlough

adonis10

Has anyone with an HSBC mortgage enquired about a payment holiday? I have just been furloughed for 3 weeks (could be extended but just 3 for now) so could really do with a month's holiday, so nothing drastic, but want to get the facts first and there is currently a horribly long wait on the phone!
My questions are:
1. Would taking a one month holiday increase payments once i resume?
2. Is there an easy way to calculate the impact on the remainder of the mortgage? 21 years left, 130k balance and £650/month.
3. Have £400 on a 19.9% credit card which I would be wise to pay off now with the money saved on the 2.14% mortgage. Agree (on the assumption that I overpay to catch up the saved £650)?

Appreciate it may not the best financial decision long term but I feel sure I can catch that up by repaying over the 10 months following a return to my 100% wage. Without doing the maths, I don't see it as being a huge burden but welcome opinions.

Thrugelmir

Any deferral of interest or capital would increase repayments over the remaining term of the mortgage. 
Here's a calculator to use to assess the impact. Zero any fields that aren't relevant.
https://www.calculator.net/mortgage-calculator-uk.html

adonis10

Thrugelmir said:

Any deferral of interest or capital would increase repayments over the remaining term of the mortgage. 
Here's a calculator to use to assess the impact. Zero any fields that aren't relevant.
https://www.calculator.net/mortgage-calculator-uk.html

Makes sense, thanks.

So it shouldn’t extend the term as the increased payments, in theory, for the remainder of the term would cover the additional interest from missing a payment or two? And when things are back to normal, spending a year or two overpaying each month should redress the balance and minimise the overall impact.