Mortgage Payment Holiday

XXNickXX

If I take a 'mortgage payment holiday' and I am on a capital repayment mortgage, will the full monthly payment be added to the outstanding loan amount or only the interest amount of the monthly payment?
eg.  Current monthly payment £500 consisting of £100 interest and £400 capital repayment.  Outstanding mortgage amount of £90k.    Will £100 be added to the £90k to create new outstanding mortgage amount of £90,100 or will it be £90,500.   I believe it should only be the interest portion added.  

Cscott139

It will just be the interest that gets added and once your holiday stops they will recalculate your new payments based on the new balance and term remaining.

[Deleted User]

The daily interest will continue to accrue and be added to your current balance.

penners324

The interest will get added to the mortgage balance and mortgage balance won't go down as it normally would.

Thrugelmir

While it's only the interest element added. The capital you defer repaying is then going to increase your subsequent on going monthly payments following the holiday.