The application deadline is 31 March 2021 and all repayment holidays must end by 31 July 2021. If you’ve already had a three-month repayment holiday due to COVID-19 and continue to be impacted financially, please visit tsb.co.uk/loansfurtherhelp and complete the form so we can provide you with the right support. This arrangement can be offered individually or in conjunction with any of the other arrangements available. A mortgage repayment deferral (also called a home loan holiday) means that the regular repayments to your loan are stopped for a period of time. Calls may be monitored and recorded in case we need to check we have carried out your instructions correctly and to help us improve our quality of service. ​ ​Your home may be repossessed if you do not keep up repayments on your mortgage. TSB adheres to The Standards of Lending Practice which are monitored and enforced by the Lending Standards Board. Mortgage and Term Loan Payment Break Update. If you’d like to apply for a one month repayment holiday, the quickest and easiest way is via internet banking. It’s a good idea to regularly check that any savings or investment plans you may have are on track to give you the money you’ll need. In certain circumstances, and if your mortgage is up-to-date, you can pay less than the full monthly mortgage payment that is due, or even suspend your payments for a short time, although you would need to pay a charge. For most people, it makes sense to pay essential expenses and priority debts before any discretionary expenses or non-priority debts. If you need help with something specific, let us know what it relates to or search a topic. Permanent tsb is fully committed to supporting our customers during these uncertain times. This will not impact your repayment holiday request. After 31 March 2021, you can extend an existing repayment holiday until the 31 July 2021 as long as your request doesn’t go over the six month limit and there are no breaks in the repayment holiday. The figures on those documents, including monthly payment and total amount payable, will not include the recalculation completed at the end of your repayment holiday. Before you request a repayment holiday you will need to: Please note that interest will be charged if you take a break from your repayments or defer your payments, so you will pay more interest overall. payment holidays for customers impacted by COVID-19, Term Remaining at start of repayment holiday (years), Interest accrued over the repayment holiday. Interest will be charged if you take a break from your repayment or defer your payments, so you will pay more interest overall. Calls may be monitored and recorded in case we need to check we have carried out your instructions correctly and to help us improve our quality of service. If we try to take your payment but it is unsuccessful, your account will automatically enter arrears. If this happens your credit file will be impacted. We’re here from 8.30am – 7.00pm Monday to Friday (except bank holidays). If you break a fixed rate term early, or pay more than $10,000 per calendar year, you may need to pay break costs. Repayment holidays are available if you meet certain conditions and are subject to our approval. The extension also applies to a ban on repossessions of homes by lenders. At the end of the repayment holiday, you’ll have more interest to pay each month because of your higher balance. If you’ve already taken a further extended repayment holiday (6 months in total), and continue to be impacted financially, please visit tsb.co.uk/help-and-support/managing-debt and complete the ‘income and expenditure form for sole account holders’ under the budgeting section. Request a payment holiday. Rate Switch during payment holidays. We’re here from 8am – 7.30pm Monday to Friday (except bank holidays) and 8am – 12.30pm on Saturdays. May 22nd - Update: Treasury announces extension to mortgage holidays. With an interest-only mortgage, or any interest-only part of your mortgage, your monthly payment only covers the interest you owe us. Is TSB financially sound? If you’ve already taken six months repayment holiday and are continuing to experience financial difficulty, we’re still here to help. We can give you some time out from your loan through a repayment holiday. Other factors including any existing arrears may affect your credit file or your ability to obtain credit. 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