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How long do I have to apply for a Payment Holiday?

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If you think you may experience payment difficulties and may need a Payment Holiday, you should speak to your lender as soon as possible before the next mortgage payment is due.

The FCA has stated that you can apply for a Payment Holiday at any time before 20 June 2020, although this may be extended as the Coronavirus situation evolves.

The Payment Holiday will not start however until it has been agreed with your lender.  

Searchlight Finance Limited is registered in England and Wales No.07929050 Searchlight Finance Limited is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register (http://www.fca.org.uk/register) under reference 743220. The FCA do not regulate Business Buy to Let Mortgages or most Commercial Mortgages and Bridging Finance. ICO Number Z3109319. Your property may be repossessed if you do not keep up repayments on a mortgage or any debt secured on it.