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Coronavirus - Update on Mortgage Holidays

As you are aware, we are monitoring all sources of information when it comes to assistance with coronavirus.

In previous articles, we have mentioned about a three-month payment holiday for mortgages but at that stage, it was unknown whether it would affect your personal credit rating. Last night, Martin Lewis confirmed that it wouldn’t providing you make contact with your mortgage provider first.

The government also confirmed that landlords will also be able to apply for a three-month payment holiday on buy to let mortgages under emergency coronavirus legislation.

We will be constantly updating our articles via our website so please keep checking back.

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MPH Accountants

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