You still have time to apply for a Covid mortgage payment break

Brendan Burgess

Brendan Burgess

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If you want to avail of a Covid payment break, you have until the end of September to apply.

The advantage of a Covid break over other restructuring is that it is very easy to get and it won't affect your credit record.

If you apply in October, you will have all the hassle of MARP and any restructuring will be noted on your credit record.

You can get a 6 month payment break.

So even if you are not sure whether you might need it or not. Apply for it and then if you don't need it later, resume full repayments.

Brendan
 
Brendan Burgess said:
If you want to avail of a Covid payment break, you have until the end of September to apply.

The advantage of a Covid break over other restructuring is that it is very easy to get and it won't affect your credit record.

If you apply in October, you will have all the hassle of MARP and any restructuring will be noted on your credit record.

You can get a 6 month payment break.

So even if you are not sure whether you might need it or not. Apply for it and then if you don't need it later, resume full repayments.

Brendan
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Sorry if this is a stupid question Brendan but does this mean that I could take a payment break now and it shouldn't have any impact on me getting a loan or a mortgage top up next year?
 
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