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What is a Payment Holiday?

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A Payment Holiday means you agree with your lender that you will not make mortgage payments for a specific amount of time. Payment Holidays are designed to help when you may experience payment difficulties – in this case because of the coronavirus situation.

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.