Mortgage Payment Holidays

Temporary change in circumstances? A mortgage payment holiday could help...

Mortgage payment holidays are allowed under the terms of many mortgage contracts, and allow a break in repayments either at your request or under certain conditions.

Speak to an adviser about mortgage payment holidays today:
 

Mortgage payment holidays can be great respite if you have a change in your financial circumstances; reasons you may want to take mortgage payment holidays include:

  • Maternity Leave
  • Change of Employment
  • Children's Education
  • Exceptional or Unforeseen Expenditure
  • Wedding Expenses
  • Tax Bill

A mortgage payment holiday clause in your mortgage contract can provide important financial flexibility but we recommend that you take mortgage advice before choosing a mortgage provider who offers this option.


Initial RateProviderPeriod ToTypeThe Overall Cost For Comparison APRLTV 
1.84% Alliance & LeicesterMar 2012Variable 4.80% 70% More
1.89% Alliance & LeicesterMar 2012Variable 4.80% 70% More
1.99% Alliance & LeicesterMar 2012Variable 4.80% 70% More
1.99% Cheltenham & GloucesterMay 2012Variable 2.80% 60% More
1.99% Cheltenham & GloucesterMay 2012Variable 2.80% 60% More
1.99% Lloyds TSB ScotlandMay 2012Variable 2.70% 60% More
2.00% Chorley & District BSMar 2011Discounted Variable 5.20% 75% More
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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.


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