Self-Certification 3-month Payment Holiday Scheme – Request Form
In line with the Government guidelines, we are now able to offer a 3-month payment holiday on the basis that:
- You believe you are impacted by COVID-19 or
- For our Buy to Let mortgage customers, you believe your tenant is impacted by COVID-19
A payment holiday isn’t always the best solution if you are experiencing payment difficulties. If you would like our team to review our full suite of forbearance measures to help you, please complete an Affordability Assessment Form and forward to this office along with 3 months’ bank statements and payslips. Alternatively, contact us on 03330 148048 and speak to one of our consultants who will be happy to help. We will require these documents to be completed in order to help you.
Please submit a financial assistance request if you wish to apply for a payment holiday or payment holiday extension.
You can review the financial impact of a payment holiday using our calculator here.
If you would prefer to submit your application in writing, please print and follow the instructions on our paper application form.
Please ensure your contact details are provided so we can contact you if necessary. Please note, any discrepancies will hold this process up.
Once the 3-month payment holiday is processed, we will confirm this to you in writing. If you have any questions regarding this, please contact us on 01252 812271.
What is a payment holiday?
A payment holiday means you can stop making your mortgage payments for 3 months, so you don’t have to repay anything at all during that period. However, interest will continue to accrue and will be added to the balance of the outstanding loan. If you are able to make part of your normal mortgage payment to reduce interest charges, then you may wish to consider this option. No arrears fees will be charged to your account for the scheme duration, and we will ensure that the payment holiday does not negatively impact on your credit file.
What happens at the end of the payment holiday?
At the end of the payment holiday, we’ll recalculate your monthly payments and the amount you owe will go up. That’s because even though you miss payments due to the payment holiday, we will still add interest to your mortgage. We’ll tell you what your new monthly payment amount will be before the end of your holiday period. If you’re worried about paying the new amount, we have a range of options to help you with this. Please contact us on 03330 148048 and speak to one of our consultants who will be happy to help.