What happens when your mortgage payment holiday ends?

New guidance has been issued to lenders about how they should support borrowers coming to the end of their agreed pause in payments.

The Financial Conduct Authority (FCA) has said mortgage borrowers will still receive help from lenders if they continue to face payment difficulties due to coronavirus.

The regulator wants to make sure that you will continue to get the support you need if you still face financial difficulties at the end of your payment holiday.

Under current guidance, payment holidays are set to end on 31st October 2020.

Read more…

We're here to help

Your local independent experts

  • Unbiased advice with access to the entire mortgage and insurance marketplace
  • We offer a free no obligation consultation over the phone or in person
  • We are open six days a week

Call us on 01780 480600

Open today until 6pm

Get in touch

Emma

Choice Mortgages have provided me with a fantastic consultative service for over 10 years. I've had absolute peace of mind that everything related to my mortgage, home insurance, life insurance and critical illness insurance has been in hand. Nicki and the team have always given me informed guidance and I've had every confidence in their recommendations and products. A first-class service that I wouldn't hesitate to recommend.

A first-class service that I wouldn't hesitate to recommend.

Emma and her daughter