Nearly all UK banks and building societies are offering a Mortgage Payment Holiday for up to 3 months if you have been affected by the Coronavirus outbreak in any way.

The mortgage payment holiday will provide flexibility in repaying your mortgage by allowing you to stop or reduce your monthly payments for up to 3 months. This won’t be suitable for everyone, but may provide much needed help, but this won’t be free money.

It’s likely the lender will spread your outstanding payments over the remaining mortgage term, so your subsequent monthly mortgage payments will increase. The shorter the term left on your mortgage, the larger the increase in your monthly payments, once the mortgage payment holiday is over. You should consider the impact this will have on your future financial commitments before seeking the payment holiday.

Currently in arrears with your mortgage? This doesn’t affect you applying for the holiday.

Will it impact my credit rating? Not if you are currently up to date with your mortgage.

How long will it take to come into effect? Depends from lender to lender, but it might be up to 10 working days.

If you ring, you probably won’t get through to advisor without waiting over 1 hour.

So here are the weblinks for the major lenders to apply for a Mortgage Payment Holiday online or by email where possible. Please read the information provided by your Mortgage provider carefully before you apply.

Clydesdale

Email the bank to apply – Financialcareteam@cybg.com with mortgage account number and sort code; your full name; first line of your address and post code; mobile no.; email address; short description of how you have been impacted by coronavirus – e.g. reduced working hours or loss of work

Co-operative Bank or Britannia Building Society

Email britanniacollections@co-operativebank.co.uk with name; postcode and house number; lender; length of payment holiday (up to 3 months); reason – loss of employment, self-employed – business impact, reduced hours, illness/self isolating, child care reasons, other

Coventry Building Society

Email the completed form to the bank to apply – mortgageholiday@thecoventry.co.uk

Halifax / HBOS

Apply online using the same link as noted above

HSBC

Apply online

Leeds Building Society

By phone only – If you 1 month or less in arrears 0800 072 8738; If you are more than 1 month in arrears 0800 072 9739

Lloyds Bank

Apply online

Nationwide

Apply online

Natwest

Apply online

RBS

Apply online

Santander

Apply online

Skipton Building Society

Email only – PaymentHolidayRequests@skipton.co.uk providing mortgage account number and the best number for Skipton to contact you on

The Mortgage Works, DHLL or EMEX

Email SLPaymentholiday@nationwide.co.uk with your name; mortgage account number; mortgaged property address; confirmation you are in financial difficulty, have been affected by coronavirus, you understand that when payments start again your mortgage payments and interest may increase, you have consent from everyone named on the mortgage, finally you’re happy for TMW to reply to me by email.

UCB Home Loans

Email SLPaymentholiday@nationwide.co.uk with your name; mortgage account number; mortgaged property address; confirmation you are in financial difficulty, have been affected by coronavirus, you understand that when payments start again your mortgage payments and interest may increase, you have consent from everyone named on the mortgage, finally you’re happy for UCB Home Loans to reply to me by email.

Ulster Bank

Apply online

Virgin Money

Apply online

Yorkshire Building Society

Currently phone only – 0800 138 2402

Further independent information can be found at Money Advice Service