3 Month Mortgage Holiday Information

3 Month Mortgage Holiday Information

To help assist with inquiries relating to the 3-month mortgage deferred period we have summarised the key information that we know so far. These details may be subject to change as further advice and guidance are expected within the next 48-72 hours. It is best to wait until more information is released before contacting your lender. At present lenders are making their own announcements individually however this may change if a blanket approach is adopted.

Key Points:

1) It doesn’t apply to everyone automatically;
2) It will only apply to those financially affected by the current Coronavirus;
3) You will need to contact your lender directly to discuss your circumstances and agree the payment holiday;
4) If a holiday is agreed it won’t entail charges being added;
5) If a holiday is agreed it will likely mean your mortgage will take longer to repay; and,
6) If you simply cancel your direct debit this will result in missed payments and charges being added to your account along with a negative impact on your credit rating.

If you wish to contact your lender sooner we have listed the numbers below and can also advise that some lenders have live chat and/or email facilities as phone lines are expected to become increasingly busy.

Key Contact Numbers:

Accord - 0345 1200 872
Aldermore - 0333 363 8475
Bank of Ireland/Post Office - 0800 169 9722
Barclays – 0800 022 4022
Birmingham Midshires – 0345 602 2828
Clydesdale Bank- 0800 121 4203
Coventry - 0800 121 8899
Digital - 0333 399 0050
Halifax - 0808 145 0437
HSBC - 0345 766 2255
Leeds Building Society - 0113 225 7972
Nationwide - 0800 464 3030
NatWest - 0800 161 5909
Newcastle BS - 0345 606 4488
Metro Bank 020 3427 1019
Precise - 0800 116 4385
Santander - 0800 085 0951 (Option 1)
Scottish BS - 0141 248 6111
TSB - 0345 835 3380
Virgin Mortgage - 0345 602 8301

Everyone at The Glasgow Mortgage Company is here to help at any time on 0141 248 4677 or contact your individual broker ( Beth, Michael Anne-Marie Graeme or Sharon) or email us at info@glasgowmortgagecompany.co.uk

Need help? Call or email us and we'll be happy to help with your enquiry.