A payment holiday lets you take a break from your monthly mortgage payments.
There are lots of reasons why you might want to ask for a payment holiday. For example, if you’ve had a temporary change to your circumstances.
We’ll say yes to your application if you meet our payment holiday criteria.
If you take a payment holiday, the interest will build up. This means you'll need to pay back more interest overall. At the end of the payment holiday, we’ll recalculate your monthly payments and let you know how much your payments will go up by.
In certain situations, such as maternity, paternity, adoption breaks, or child bereavement we may offer payment holidays for up to 6 months in a row.
You will need to upload evidence if the reason is maternity, paternity or adoption. You will need to upload:
· MATB1 maternity certificate (signed/stamped)
· If the child has been born then a copy of the child’s full birth certificate.
· If the child has been adopted a copy of the adoption certificate
You can only apply for a payment holiday once every 2 years.
Once you’ve applied for a holiday, we’ll let you know our answer within 7 working days.
Adobe digital forms
We use Adobe Sign for this kind of request. Adobe will pass the information you provide to us in a secure manner and won’t process it in any other way. Information on how we use your data can be found in our Data Privacy Notice.