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Government said it can't impact rating and I've since remortgaged with it in place (not sure if the remortgage will reset the holiday tbh so will need to confirm with lender).
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It does not.
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It will be recorded in your credit report, I'd guess as 'U', for no information (as opposed to a 1,2,3 for late, D for default, A for arrangement to pay etc...).
Credit ratings / scores tend to be entirely proprietary to individual lenders / agencies, and more oftent han not, completely opaque.
The government has "agreed" with lenders that mortgage holidays will not impact credit ratings, and may have made spey of lenders contingent on this.
(I'm not aware of any legislation to back this up, but also not privy to the terms of any agreements, so could well be entirely misguided.)
That being said, in 5 years time, it will still be on your report, and lenders may have "forgotten" any agreement.
From my limited knowledge of retail credit scoring algorithms, a U has a fairly minimal impact.
Assuming GDPR is in place when a (automated) decision is made based on a credit score, you can challenge that decsion to understad6 why it was made (although you have no right to knowledge of the mechanics).
(This doesnt apply to Clydesdale, as, IIRC, their process is manual, and on paper).
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CYOA
Soul
NotThamesWater
@Quincy
Does a mortgage holiday affect credit rating or mortgage prospects in future? (I'm guessing not but interested to know)