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How will taking a Payment Holiday affect my credit score/file?

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The FCA has stated that lenders should ensure that taking a Payment Holiday will not impact your credit score.

However, a credit score and getting BTL lending are two different things.

A lot of lenders look at credit files, annual mortgage statements, bank statements and their own internal records if you are already with them.

If they see a payment holiday early in the crisis will they ignore it? Some may but others won’t.

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.