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What’s all this about Mortgage ‘Holidays’?

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Back in March the Chancellor announced that, as part of the economic policy to get us through Covid-19, mortgage lenders are going to offer up to three months’ payment holidays for those that are in difficulty. That’s really good news and I wanted to give you a bit more information about it because we all know that the next few months could be pretty tough.


The fact that the government have intervened in this is really good news because it gives us all a bit of breathing space. The most important thing to understand is that the first place to go is always your mortgage lender.


Don’t be afraid, don’t bury your head in the sand, lenders are there to help. Start a dialogue with your Lender and they will help you to work out a plan to make sure that everything goes as it should.


Another thing to mention is that whilst all this is going on, we still need to plan ahead and plan for the future. That’s always important when we’re dealing with finances and always important when we’re dealing with large loans and things like mortgages because it’s the biggest debt that most of us have.


Don’t forget that you can actually secure remortgage rates up to 6 months in advance.


So if you’re sitting there today feeling a bit unsure about what’s going on and your mortgage rate is up for renewal around the back end of the summer, have a chat with your existing lender or have a chat with someone like myself, a broker.


We can talk you through the options and in many instances, we can book funds for six months down the line so that you can remove that worry from your life for now.


The final thing is to say is if you’ve got any questions or concerns regarding your mortgage and payments, or maybe it’s insurance-related, maybe you’re looking to get insurance in place for illness and all the other stuff that comes with it?

Whether you’re a client or not, you can pick up the phone, you can give me a call, I’m more than happy to spend 5 or 10 minutes just seeing if we can help, go through some of the finance language out there related to mortgages. So you can get me on 01453 393 123 or send me an email at and let’s just take one step at a time.


Hudson Rose Services Ltd is an Appointed Representative of Stonebridge Mortgage Solutions Ltd, which is authorised and regulated by the Financial Conduct Authority.
Hudson Rose Services Ltd, trading as Hudson Rose. Registered Office: 7 Bridge Street, Nailsworth, Stroud, GL6 0AA
Registered Company Number: 11008147 Registered in England

Hudson Rose Services Cirencester Ltd, trading as Hudson Rose. Registered Office: 78 Dyer Street, Cirencester GL7 2PF Registered Company Number: 13349772 Registered in England

There may be a fee for arranging a mortgage and the precise amount will depend on your circumstances. This will typically be £399. There is no charge for any initial consultation.

Your Home may be Repossessed if you do not keep up repayments on a mortgage or any other debt secured on it. Not all forms of Property Development Finance are regulated by the Financial Conduct Authority

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