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Friday, May 8, 2020

Mortgage holidays: a break is tempting, but it will cost you

About 2m Britons have paused payments in the coronavirus crisis. Readers share their experiences

Almost one in five UK mortgage holders have now been granted a payment holiday, it was estimated this week – but people’s experiences of the process have been very different. Some struggled to get a holiday while others say it was almost too easy. And while for some it will add just a few pounds to their monthly mortgage bill, others say their outlay will rise by a lot more.

The Guardian asked readers who had applied for a mortgage payment holiday, or help with other debts, how they got on. Almost 200 people contacted us to tell us their stories.

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