Payment Holiday and remortgaging

May 13, 2020

 

Payment holidays continue to be hot news as lockdown continues in Scotland. There is some good news on the basis that a great number of lenders are still prepared to allow you to do a product transfer if you are coming to the end of your fixed rate deal even if you have taken the holiday. This means that you will not fall onto the higher Standard Variable Rate. Raising additional money on your property when you have taken the holiday is going to be a whole lot trickier however.

 

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. BRICKS AND MORTAR MORTGAGES LIMITED IS AUTHORISED AND REGULATED BY THE FINANCIAL CONDUCT AUTHORITY.