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Mortgage Payment Advice

COVID-19 Mortgage Update - June 2020

From 25 June 2020, the suspension on Evictions is being extended for a further two months until 23 August 2020.

The Government announced that if you are affected by the Covid-19 Pandemic and struggle to pay your mortgage you may be able to receive a three month payment holiday. This means you will not have to make a repayment for three months. However, interest will continue to accrue during this time.

If you have not had a payment holiday yet under Covid-19 measures, you have until 31 October 2020 to request one. Your Mortgage Lender should be understanding and helpful and try and work out a solution that helps you to remain in your home.

If you have already had a payment holiday and need further help, your lender may be able to offer a further three-month or part payment holiday. Speak to your lender to see if this may be an option.

  • ​Your lender will look at your individual circumstances and offer support on a case-by-case basis.
  • You will need to make up the payments that have been deferred; this could be over the remaining term of the mortgage, capitalising, extending your mortgage term etc;
  • If a payment holiday is agreed then it will not affect your credit file.

If you have other loans secured on your home you can also ask your lender if they will give you a payment holiday on these loans too.

If your Mortgage Lender has already sent you an Eviction Notice, contact the Court straight away that is dealing with your case to check that the action is being suspended. If it is not being suspended, contact us for advice straight away.

Please note that your mortgage is one of your priority debts.

If you are at risk of repossession and your lender is being unhelpful, please contact the Debt Advice Service straight away.

If you are a Tameside resident you can contact Tameside Council’s Debt Advice Service on 0161 342 3494 or send an on-line referral to us at:

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