Should we be in MARP if all we want is a payment holiday?

[AlbacoreA]

Emma, did you get anywhere with the payment holiday, or did you give up on that idea.

 

[AlbacoreA]

I assume a bank doesn't have to give you payment holiday unless its in your contract?

 

[MirandaO]

I assume a bank doesn't have to give you payment holiday unless its in your contract?

Yes Emmas letter states that it was assessed and approved.

 

[AlbacoreA]

I thought it said their application was accessed and approved. Not explicitly that its in their contract. Though I agree its logically to assume this is indeed the case.

I was asking though in a more general sense for other people. As I've read previous discussions where the working of the "payment holiday" has been contested by the bank.