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How to apply for three month mortgage payment holiday during coronavirus crisis
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Since the start of the coronavirus crisis, many have been impacted financially in different ways. Many have lost their jobs, others have been placed on the Government’s furlough scheme, taken pay cuts, and some continue to be able to work from home.
But there are several ways those who are struggling financially can get help. One of those ways is by applying for a mortgage payment holiday.
Since applications opened on March 17, 1.2 million homeowners have taken out a payment holiday. A mortgage payment holiday means payments are paused for a set period of time.
Under the Government’s new policy, you can apply for a payment holiday of up to three months. This is available to any homeowner who is up-to-date on their mortgage payments.
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COVID-19
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Recovered: 0
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India
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