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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?The most is 3 months right now, but that could be extended to 6 months. We'll know for sure after 26 May 2020.

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

Every lender has their own approach to mortgage holidays. A few lenders won’t raise your monthly payments if you take a holiday, they’ll just add 1, 2, or 3 months to your mortgage term. They 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

This calculator assumes you’re in your initial term. If you’re on your lender’s standard variable rate (SVR) - or just a few weeks away from it - the numbers will be different and switching your mortgage could save you money each month. Chat to us for free advice.

Longer mortgage holidays might be on the way

The FCA is asking lenders to offer longer mortgage holidays (of up to 6 months) to customers who need them. It recommends that customers who can afford to make their repayments shouldn’t extend their holidays. These are just proposals right now, but we expect they’ll be made official after 26 May 2020. Read more about these changes.


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: Tue Apr 07 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