Mortgage Payment Holidays

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Mortgage Guide
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Most people make overpayments in order to pay off their mortgage early – but there is another possible reason.

Many modern mortgages allow you to take "payment holidays" – periods when you can temporarily stop making your normal monthly payments – perhaps if you are taking a period of unpaid leave from your job, for example.

Overpaying before taking a payment holiday can enable you to stop your payments for a while without falling behind on your mortgage's repayment schedule at all – for example:

Overpay three months' payments
Take a three month payment holiday
Result – your overall payments remain on schedule

Obviously the details of such an arrangement vary from mortgage to mortgage, but it is useful to remember the possibility and ask your broker or lender about it when choosing a new mortgage.

To read more on this subject please see the list below or your mortgage guide or your home buying guide

Read enough? Just want a quote? To get your best mortgage quote quickly and easily we can put you in contact with a recommended mortgage adviser. It's free, completely confidential and there's no obligation at all. Simply fill out the form below


Value of Property	£
		(eg 125000)

Borrow How Much?	£
		(eg 92500)

Your Mortgage Type

First time buyer?		Yes No
Have you found property?		Yes No
Country
Bad Credit History?		Yes No

Sorry ! The amount you want to borrow is less than £25,000. This is the minimum allowed for a mortgage. But don't worry! You could get the money via a personal loan. I want a free no obligation loan quote Click OK No thanks. I will change my borrow amount to more than £25,000 Click Cancel