A payment holiday allows you to take a break from making your contractual monthly payment for an agreed period. 

The concessions will vary from one lender to the next.

It is strongly recommended that you DO NOT apply for a payment holiday unless it is absolutely necessary, as the debt will have to be repaid along with accrued interest.

 

BARCLAYS

Offering either a 3-month auto approved payment break, subject to answering a few simple questions. There may be further options available but this would be on a case by case basis and to be discussed directly with them.

To request a mortgage payment holiday, visit overseas.barclays.com/coronavirus this will direct you to complete and submit an online form to which the bank will respond – allow three to five working days.

 

HSBC

Offering a 3-month payment holiday. You can find more information by visiting https://ciiom.hsbc.com/help/coronavirus/ and click on ‘Mortgage payment holidays’.

To then apply, call 03456 006161.

 

JERSEY HOME LOANS

Offering up to 3 months payment holiday

Visit http://jerseyhomeloans.com/coronavirus-faqs/ which asks you to email them on recoveries@krbs.com with your name, number and brief description of your enquiry – along with your mortgage account number

 

LLOYDS

Offering either a 3-month Payment holiday, Interest Only for 3 months or a reduced payment for 3 months.

 Visit https://www.lloydsbank.com/help-guidance/coronavirus.html -scroll down to manage your money and click on payment holiday on mortgages and go to no 3 Coronavirus payment holiday. Complete the questionnaire, submit and wait for the bank to call you back.

 

NATWEST

Offering payment holiday based on individual circumstances

To request a payment holiday visit www.natwestinternational.com/mortgageholiday - complete the online questionnaire and the bank will then contact you.

 

SKIPTON

On a case by case basis this lender may consider either an interest only payment for an agreed period or in some cases a payment break.

Visit https://www.skiptoninternational.com/mortgages/jersey for further information.

Complete the budget planner you are directed to on this page and email it to mortgagesupport@skiptoninternational.com and the lenders will then contact you.