During your appointment, our advisers will discuss with you the further support options best for you.
A partial payment deferral, this is where you make reduced payments of a specific amount for an agreed period of time.
- If you are able, you can make partial payments based on whatever you can afford. This means you would still cover the interest portion of your mortgage repayments and reduce the amount you owe by making smaller repayments to the mortgage balance.
- Or you could make interest only payments for a period of up to three months. This would reduce your mortgage commitment each month, but will still allow you to continue to pay the interest portion of your mortgage.
A full payment deferral, this is where you make no repayments for an agreed period of time
- You might be able to extend your mortgage payment holiday for up to another three months.
It’s important you know that some of these examples are likely to increase your mortgage balance, your interest and the total amount you have to repay.
In the tables below, you can see representative examples for each of the options to give you an understanding of the longer term impact on your mortgage.