What happens if we stop paying mortgage for 3 months?

[Slim]

. Could this affect future credit ratings or does it matter? Thank you. Emma.

I think it is likely that this will appear on your ICB record as 'M' for the three months and may indeed affect your ability to get credit in that period.

 

[NewHere08]

Sparky11, we had the same issue with EBS. We were advised that a payment holiday would be possible at a future time several years ago. However, recently when we tried to avail of it, we were advised that they never allowed it (and I remember the guy etc but apparently I'm wrong!). We are not in debt, but did manage to get a period of interest-only (going the SFS route).