Payment Holiday and remortgaging
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.