COVID-19 and your mortgage

We know this is a difficult time and we are here to help.

You’ll find help and support on this page to help you manage your mortgage during the coronavirus outbreak.

Help with your mortgage

  • 1.
    What is a mortgage payment holiday?

    When you ask to stop paying all of your monthly mortgage payment for a short period, we call this a ‘payment holiday’.

    It can help if you have any changes to your situation, such as unexpected household costs or other changes to your income.

    However, it’s important to remember that the amount you pay each month will go up after a payment holiday.  This is to cover the payments and interest charges you’ll miss when you take a break, so you should only apply for one if you are finding it hard to keep up with your payments.

    If the coronavirus has affected your income and you need some breathing space, a payment holiday or our other support options could help.

    Find out more about how we can support you.

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  • 2.
    What is a part payment holiday?

    This is where you pay less than your usual amount for up to 3 months.

    Rather than taking a full payment holiday, where you make no payments at all, you agree to make a fixed, reduced payment. With this option, your monthly payment and the amount you pay back overall will be lower than if you take a full payment holiday. 

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  • 3.
    Can I take a payment holiday or part payment holiday?

    We know that some of our customers are anxious about being able to keep up with their mortgage payments at the moment. If the coronavirus (COVID-19) outbreak has had an impact on your ability to pay your mortgage, don't worry. We'll do everything we can to help you.

    You can ask to take a payment holiday or part payment holiday, as long as you're no more than 6 months behind in your payments. If you are more than 6 months behind in your payments, call us as we have other ways to help

    If you have a joint mortgage, all parties named on the account will need to agree to the payment holiday.

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  • 4.
    How do I ask to take a payment holiday or part payment holiday?

    If the coronavirus has affected your income and you need some breathing space, a payment holiday or a part payment holiday may help.

    Find out more about the support we can offer and how to apply on our Covid-19 support page.

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  • 5.
    How do I cancel a payment holiday?

    If you currently have a payment holiday in place and want to cancel it, you should complete our payment holiday cancellation form.

    Please note that if your next mortgage payment would normally be due in the next 10 working days, then the payment holiday may not be cancelled until the following month. We will confirm in writing the date from which your payment holiday has been cancelled.  

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  • 6.
    Do I need to cancel my Direct Debit if I take a payment holiday?

    No, you don’t. When you agree that you can take a payment holiday we’ll stop collecting your payments. It’s important that you don't cancel your Direct Debit so we can start collecting payments again when your payment holiday ends. If you cancel your Direct Debit we won’t be able to take payment and your account may fall into arrears.

    If you have cancelled your Direct Debit, please use our online form to ask us to set it back up for you, using the same bank details as before.

    Restart my Direct Debit

    If you want to change the date you pay, or the account you pay from, you'll need to call us.

    If you pay by standing order, you’ll need to restart your monthly payments before the next one is due. It’s important to remember to do this to make sure your account doesn’t fall into arrears.

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  • 7.
    What happens when my payment holiday or part payment holiday ends?

    When your payment holiday ends, the amount you pay each month will go up. If you’ve taken a part payment holiday it will still increase but not by as much. This increase is to cover the interest charges and payments you miss while you take a break or make reduced payments.

    We will contact you before the end of your payment holiday or part payment holiday to explain all the ways we can help if your income is still affected by coronavirus. In the meantime, find out more about how we could help

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  • 8.
    Will a payment holiday affect my credit score?

    Payment holidays will not have a negative impact on your credit file. However, you should remember that lenders may use information obtained from other sources, such as bank account information, in their lending decisions.

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  • 9.
    The coronavirus has affected my income and I've missed my mortgage payment. What can I do?

    Don't worry. Just let us know as soon as you can and we'll do everything we can to help you, until things get back to normal.

    If you're already behind with your mortgage payments, please call us. We are currently dealing with a higher volume of calls than usual as a result of the coronavirus (COVID-19) outbreak. You may have to wait longer than usual to talk to us on the phone.

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  • 10.
    What are my options if I can't take a payment holiday?

    If you don’t qualify for a payment holiday, or feel that a payment holiday isn’t right for you, there are other options that you can consider, including:

    Switching your existing deal if you’re eligible
    Changing the term of your mortgage
    • If you've made overpayments, you could ask to underpay for a while, rather than take a payment holiday. You'll need to call us before you underpay.

    We have a number of other ways of helping too, so don't worry. Find out more about our support options.

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  • 11.
    If I've made overpayments, could I pay less in the coming months?

    Yes, you can. If you've made any overpayments in the past 12 months, you could ask to underpay for a while, rather than take a payment holiday. You'll need to call us before you underpay.

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  • 12.
    I need to raise extra money. Can I borrow more from my existing mortgage?

    Yes you can, if you're eligible. However, you should consider your options carefully before taking out extra borrowing against your home.

    If you're confident that borrowing more against your home is the best move, you can find out if you're eligible in a couple of minutes.

    Please note, if there has been a reduction or stop in your income because of coronavirus, we'll need to review your circumstances before we can agree to lend you extra money on your current mortgage.

    You can see all the ways we can help you if you've been affected by coronavirus on our help pages.

    We've also put together some guides to help you manage your money.

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  • 13.
    My deal is coming to an end. How do I switch deals while I’m self-isolating?

    While our branch and telephone advisers are busy helping customers with their enquiries about coronavirus, it's quickest to switch deals online. This is the best option if you're happy to choose your own deal.

    If you'd like some help choosing your next deal, you can ask us to call you back and we'll help you to apply over the phone or by video appointment.

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  • 14.
    I need a property valuation, what should I do?

    If your property is in England or Northern Ireland…

    Following changes in Government legislation, we’re now able to do physical property valuations again. This is when a professional surveyor carries out a valuation on the property in person. 

    We’ll get in touch with you, or the current property owner, to arrange an inspection if we decide we need to visit the property, and we’ll tell you how to prepare. 

    Chartered Surveyors, e.surv, are doing physical valuations on our behalf. They’ll contact customers whose survey was previously put on hold, so there’s no need to contact us. 

    Please be aware that inspections might take longer than normal due to surveyors needing to follow health and safety requirements, including use of PPE and cleaning equipment between appointments. 

    If your property is in Scotland or Wales… 

    Scotland and Wales haven’t made changes to their lockdown position so physical valuations are still not possible at this time. Therefore, we’re not able to make any home visits but some valuations can be done without the need to visit in person. 

    If we decide that we need to visit the property, we'll put your application on hold until we can come and see you.

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  • 15.
    My mortgage deal is in the process of being changed. Could the coronavirus stop that happening?

    If you've already completed an application to switch to a new deal, or have only asked to change your interest rate, you don't need to do anything. We'll continue to process your switch as usual.

    If you've asked to change the term or repayment method of your current mortgage, your request will only be affected if there's been a change to your income. If that's the case, please contact us as soon as possible to let us know.

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  • 16.
    Could the coronavirus outbreak stop my mortgage application being completed?

    If your situation hasn’t changed since you applied, there’s nothing to worry about.

    If there's been a change to your income, please get in touch if you would like to discuss this with us.

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  • 17.
    I'm due to move house but the sale has been delayed because of the coronavirus lockdown. Will this affect my mortgage?

    As long as there's no change to your income, there’s nothing to worry about. There won't be any changes to your mortgage.

    If coronavirus has reduced your income, please get in touch as soon as you can to let us know.

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  • 18.
    I'm a landlord and my tenant is struggling to pay the rent. What are my options?

    We've changed our rules, so our Buy-to-let customers can now ask to take a payment holiday of up to three months. It's quickest to ask for one by using our online request form. It only takes a few minutes to complete and we'll contact you to let you know our decision within 3-5 days.

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