Payment holiday
Hey,
Im thinking of taking a payment holiday on my mortgage for November to cover my last month of MAT leave as I’ve ran out of money (nearly made it 🥲)
Has anyone else done this or has any advice?
Thank you!
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We're doing this for November and December, makes so much sense and means I'm off for a few more weeks x
Be careful if you’re hoping to move house in the near future as banks don’t like people doing it.
We did this, I did it at the start of Mat leave though and just saved the money for this unpaid part of Mat leave.
It will marginally increase your payments at the end of it, but other than that it’s been totally fine. If you keep up your repayments anyway and don’t have any late or missing payments on your mortgage, then it’s not going to have any negative effect (I spoke to a financial advisor about it)
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