What is a Coronavirus mortgage payment holiday?

If you think you'll struggle to make your monthly mortgage payments because of Coronavirus, we can help by offering our members a 3-month payment holiday.

A mortgage payment holiday is a break from paying your mortgage. It won’t affect your credit rating, so there’s one less thing to worry about.

However, it’s important to note that interest will continue to build at your usual interest rate during the holiday. This means the total amount of interest you pay over the term of your mortgage will increase.