Coronavirus and your mortgage
Among the many concerns caused by the Coronavirus (Covid-19) pandemic, we want to reassure members who may have difficulties making their monthly mortgage payments that we’re here to help.
A number of methods to support you may be available depending on your circumstances, including a full or part deferral on your monthly mortgage payments.
Last updated 25/11/2020
What is a mortgage payment deferral?
A mortgage payment deferral, sometimes referred to as a payment holiday or mortgage payment concession, is a short-term measure to defer all, or part, of your monthly mortgage payments. We’re able to offer deferrals or extend an existing deferral depending on your circumstances but it’s important to remember that a deferral is a temporary measure, and the amount owed will still need to be repaid and will attract interest until it is repaid.
Use the tabs below to find out more about the options available to you and the impact taking a deferral may have on your future mortgage payments.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE