The option to take a new mortgage payment deferral is now closed as of 31 March 2021. If you are currently in a deferral period and have been for less than six months, you can extend this for up to six months in total until the 31 July 2021.
It is important to note that the interest on your mortgage will continue to accrue throughout the deferred period and will be added to your outstanding balance. It is therefore in your best interest to pay as much as you can throughout this period to minimise the amount of additional interest that will be charged.
For an indication of how deferring your mortgage could impact your monthly payments and total mortgage balance, you can use our deferred payment calculator.
We also have other forms of support available to those experiencing financial difficulty, you can find out more details here.
More details on mortgage deferrals and to calculate how much you’d be paying after a deferral period, visit our FAQs page here.
We will contact you prior to the end of the deferred period to confirm your new monthly payment and the options that may be available to you.
It may help you to prepare for this by making use of some of the guidance and tools provided by the following organisations:
Money Advice ServiceCoronavirus support
Financial Conduct AuthorityDealing with financial difficulties during coronavirus: information for consumers
There are also a number of other organisations available to help, simply visit our payment difficulties page to find out more.
Note: For those experiencing financial difficulty, we can enable early access to savings if required. Please get in touch with us so we can discuss your needs with you.