3 month payment holiday details
The payment holiday will apply if customer is up to date on their payments, not in arrears, and they can confirm that they’ve been affected – directly or indirectly – by Coronavirus.
How to apply
Please email us at btlcs@paragonbank.co.uk with the subject header ‘Payment Holiday’, along with your full name, mortgage account number(s), buy-to-let property address and telephone number. We will contact you when we have confirmed full details. Or visit the online resource here https://www.paragonbank.co.uk/coronavirus
How will the payment holiday affect my mortgage ?
TBC
Will the payment holiday affect my Credit Score ?
| No – But it’s important NOT to cancel your Direct Debits before you have spoken to us to arrange a payment holiday as this could be registered as a missed payment on their credit file. |
Remortgaging during payment holidays
TBC
Product Switches during payment holidays
TBC
Product Switches are completely free with Switch Rates – to check your eligibility send us an enquiry.
Lending Restrictions
TBC
Offers will be extended on a case by case basis by 3 months, subject to eligibility criteria and confirmation their circumstances have not materially changed.
Useful Links & Contact Numbers
Paragon COVID-19 Information https://www.paragonbank.co.uk/coronavirus
UK Government COVID-19 Information site https://www.gov.uk/coronavirus
Money Advice Service https://www.moneyadviceservice.org.uk/en/articles/coronavirus-and-your-money