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Habito

Mortgage holiday calculator

If you need a temporary break from your mortgage repayments, you can ask your lender for a ‘mortgage holiday’. Read more about that here.

If you do take a holiday, you’ll still have to make up the payments and interest afterwards. Use this calculator to get a rough estimate of how it might affect you.

Enter your details

When did your initial term start?This is when you last remortgaged. If you haven’t done that yet, it’s when you completed (got the keys).
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How long a mortgage holiday would you like to take?6 months is the most you can take if you’re on a holiday already. Otherwise it’s 3 months.

This is just an estimate. Always talk to your lender.

If you don’t want your payments to go up after your holiday, your lender has to give you other options. For example, they can extend your mortgage term by the number of holiday months you took. Or they can take a lump sum payment for those months instead. Note that lenders might also calculate ‘yearly’ interest differently – some lenders count it using 360 days a year. See what your lender is saying about mortgage holidays.

This calculator assumes you're on a fixed rate mortgage

If you're on a variable rate mortgage, chat to us and we can help.

If you're on your SVR, a remortgage could help

When your initial term ends, your lender puts you onto a more expensive rate, called a 'standard variable rate' or SVR. If you're on an SVR, or a few weeks away, switching your mortgage deal before you take a holiday could save you more money. Chat to us for free advice.

You can take a holiday of up to 6 months if you need to

If you can’t afford your repayments and you’re already on a mortgage holiday, you can extend that holiday to 6 months. But if you can afford your repayments, your lender will likely encourage you to keep your holiday to 3 months maximum.

See what your lender is saying about mortgage holidays

Lender

Offering mortgage holidays?

How a holiday will affect your mortgage:

How to apply for a mortgage holiday:

Waiting times to hear back from
this lender:

Accord

Yes

Speak to your lender (we don't have this info yet)

Use this online form
or call
0800 138 2402

5 days

Barclays

Yes

Longer mortgage term

Use this online form
or call
0800 022 4022

It's not clear

Coventry Building Society

Yes

Your lender will give you different options

Use this online form
or call
0800 121 8899

They're saying holidays will be 'actioned immediately' (it's worth double checking what that means)

Halifax

Yes

Higher monthly payments afterwards

Use this online form
or call
0345 850 3705

3–5 days

HSBC

Yes

Speak to your lender (we don't have this info yet)

Use this online form
or call
0345 850 0633

7 days

Lloyds

Yes

Higher monthly payments afterwards

Use this online form
or call
0800 783 3534

3–5 days

Nationwide

Yes

Higher monthly payments afterwards

Use this online form
or call
0345 730 2011

5–7 days

NatWest

Yes

Higher monthly payments afterwards

Use this online form
or call
0800 092 9585

5 days

Royal Bank of Scotland

Yes

Higher monthly payments afterwards

Use this online form
or call
0800 056 0567

5 days

Santander

Yes

Higher monthly payments afterwards

Use this online form
or call
0800 023 4603

It's not clear

Virgin Money

Yes

Your lender will give you different options

Use this online form
or call
0345 605 0500

It's not clear

See what your lender is saying about mortgage holidays

Last updated: Fri May 22 2020

If your lender isn't in the table, or you have any questions at all, we're here to help for free

If we're offline, leave us a message in chat and we'll get back to you the next morning.

Chat to us