Carmarthen | Haverfordwest | Lampeter
01267 237534    info@lhp.co.uk
LHP
Chartered Accountants

You must have your mortgage holiday agreed with your lender

 

 

Whether you decide to take a mortgage holiday during the financial difficulty of Covid-19, you must contact your lender before cancelling standing orders or direct debits. A formal agreement between you and your lender needs to be made, as to how long you want your “holiday” to last.

 

If you stop payments without any contact to your lender, it will be recorded as a late payment and affect your credit score.

 

If you do take a mortgage holiday, you will still be charged interest but it’s added to the total cost. You won’t have to pay it back immediately, it will be added to your monthly cost once you start paying the mortgage again after your “holiday”.

Testimonials

I am very pleased about the accountancy services you have provided me over last several years. I understand the difference it made comparing service I received from previous accountant of another local company. What I find especially important is your easy accessibility, quick appointments, fast reply to emails which puts my mind at ease as things are then dealt with and sorted.

The accounts are prepared in a timely manner efficiently including dealing with queries from taxman which could be …

Dr Abhaya Gupta - Consultant Physician at Glangwili hospital Carmarthen.
Cloud & App Experts
l1
l2
l3
l4
l5
l7
l6