Your options after a payment holiday
When your payment holiday ends, the amount you pay each month will go up. This new monthly amount is to cover the interest charges and payments you missed while you took a break.
Now that you’re ready to restart your payments, here are some of the ways we can support you:
Please remember: After you’ve made your overpayments you can ask us to work out your new monthly payment amount. This will help to reduce the amount you pay each month.
If you were behind with your mortgage payments before you took a payment holiday, we’ll use any overpayments you make to reduce your arrears balance before your overall mortgage balance. If you were behind with your payments, it’s important that you speak to us before you overpay.