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