After your payment holiday ends

Assumptions we've made

• The interest rate on your mortgage doesn't change during the payment holiday
• Your payments were up to date prior to taking the payment holiday
• The figures shown have been rounded to the next £1
• The information you've provided us about your mortgage is accurate

It’s important to remember that interest will continue to be charged during a payment holiday. Therefore, when your payment holiday ends, your overall mortgage balance is likely to increase.

By spreading the cost of your payment holiday over the remaining term of your mortgage, the amount you will pay over the life of your loan will be more than it would have been had you not taken the payment holiday. The total amount you will repay to us could be higher than the amount stated in your Offer of Loan.

Whilst we will ensure that the payment holiday does not negatively impact your credit file, lenders may take into account other information when making future lending decisions.