• Will applying for mortgage holiday affect credit rating or future mortgage applications?

  • It will show up, but not as a missed payment or arrears.
    Historically, if you took a payment holiday, it could be a sign that something was amiss with your affordability, and could affect your mortgage acceptance.

    Make sure you don’t cancel the direct debit though, let the lender postpone the payments, as if they were still expecting April payment to go out with 3 month payment thereafter, then the April payment would have been missed and this will affect your credit.

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