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FIXED TERM MORTGAGE WITH PAYMENT HOLIDAY
dkillen
Posts: 3 Newbie
Our mortgage fixed term of 5 years was due to end in March 2021 but recently we took a 3 month payment holiday, does this mean our fixed term will extend until June or still end in March.
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Comments
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Your fixed term ended in March. Your holiday ended in June, why have you waited six months to check your mortgage?0
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Have you asked your provider..?0
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March 2021...
Only your provider with know that answer0 -
The authorised arrears applied to the mortgage but not the deal. The deal will still expire on the planned date.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.2
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That is great news, thanks for your reply and comments0
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Hi There, it only is due to end next March in 2021Your fixed term ended in March. Your holiday ended in June, why have you waited six months to check your mortgage?0 -
This is NOT great news as your in arrears at the moment.
At the end of March 2021 your current fixed rate deals ends and you will go onto the SVR or whatever the mortgage reverts too ( perhaps a tracker deal ?)
You can't get a new deal with your current lender as your in arrears unless you can clear the debt before March 2021.0
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