Discuss Can I get a mortgage break during Coronavirus outbreak? in the Electricians Chat - Off Topic Chat area at ElectriciansForums.net

Lou

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Can I get a mortgage break during Coronavirus outbreak?

Apparently some people can, discuss.
 
I think it is probably more accurate to say that most rather than some can.

The free lunch is only temporary though.

Interest will be rolled up and you will be expected to pay it back later.
 
I’m with Lloyds. I can apply for up to a 3 month payment “holiday”. No questions asked. Presumably longer, if we talk.
Interest will be added to the outstanding amount when repayments start. They haven’t been explicit about what the interest rate during the “holiday“ will be. Can see it being the cost of a proper holiday, though...
 

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