Mortgage Holiday Advice

The Chancellor of the Exchequer, Rishi Sunak, announced that UK lenders will be offering mortgage holidays for those struggling financially during these unprecedented times.

Mortgage lenders will now be offering a three month mortgage holiday (also known as a payment holiday) to those households who are struggling financially with the widespread impact of the coronavirus.

This announcement is an attempt to offer much needed relief to homeowners who need to self-isolate but are worried about how they’re going to keep on top of their mortgage payments if they aren’t working.

If you've been furloughed, you could get paid 80% of your wages, up to a monthly maximum of £2,500.

Take a look at our Frequently Asked Questions for more information on mortgage holidays, or speak to one of our advisors on 0114 250 9100 or email enquiries@mortgageadvice.uk.com

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