We will be in contact with you over the coming weeks to discuss your options. Your mortgage will automatically return to the previous agreement. Your repayment details will change so we will send you a letter confirming your new repayment amount details such as the amount and the start date your repayments will begin. Your monthly repayment date will remain the same as before. The terms and conditions of your mortgage will be the same.
If you were paying by direct debit these payments will automatically restart unless you cancelled your direct debit.
If you cancelled your direct debit during your Payment Holiday you will need to set it up again and make sure there is enough money in the account, to avoid missing any payments. If you don't pay by direct debit, please make sure that your mortgage payment arrives on time.
You can catch up on the Payment Holiday amount and make a lump sum payment either now or through the course of your mortgage if you are in a position to do so.
Alternatively you can make a partial lump sum payment with the residual to be paid over the lifetime of the mortgage.
If you are on a fixed rate mortgage, you will not incur any fees for making this lump sum payment.
Talk to us on 0345 600 5925 or request a callback. A member of our mortgage team will be in contact with you within three working days to process your request. Lines are open Monday-Friday 9.00am-5.00pm (excluding Bank holidays).