Mortgage Payment holidays.

Need to take a break from all or part of your mortgage payment?

What are they?

A payment holiday is when you take a break from paying part or all of your monthly payment but you've not made any earlier overpayments against which you can underpay.

How do I get one?

To apply for a payment holiday you must contact us. Payment holidays increase the amount you owe. For this reason, we have a payment holiday policy and we'll assess your application to see if you meet all our policy requirements. We don't guarantee that we'll agree to a payment holiday.

What is the payment holiday policy?

Our payment holiday policy changes from time to time, so it's always worth checking our current policy rules.

Our current payment holiday policy rules are as follows:

  • The amount you owe must not exceed 75% of our latest valuation of your property.
  • The mortgage must have been in place for at least 12 months.
  • The account must not have been in arrears in the last 12 months.
  • The total number of payment holidays allowed throughout the mortgage term is six monthly payments, and you can only take two of those months at any one time.
  • You can't apply for additional payment holidays within three years of taking your last payment holiday.
  • Payment holidays are not available on buy to let mortgages, shared ownership or on mortgages on your home where you have subsequently let the property.
  • You can't apply for additional borrowing during a payment holiday.
  • You can't apply for a payment holiday within six months of taking out additional borrowing.

Your home may be repossessed if you do not keep up repayments on your mortgage.

Need to talk to us?

You can speak to one of our mortgage advisers in person, or chat things over on the phone.

Call us on 0345 850 3705
Mon-Fri 8am - 8pm Sat 9am - 4pm

Come into branch - you'll need to book an appointment beforehand

Why choose Halifax?

We've been helping people buy their own home for over 160 years.

  • Great range of deals
  • Support you all the way
  • Easy to apply