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Mortgage break and maternity leave

Cazzums · 2020-12-16 19:58:44

Hello has anyone applied for a moratorium / payment holiday with their mortgage and been declined? My mortgage has said they can’t facilitate this and I must use The mortgage arrears resolution process (MARP) if I wish to reduce my mortgage payments for the duration of maternity leave. (My leave is unpaid hence why I…

16-12-2020 08:58PM

#1

Cazzums

Registered Users, Registered Users 2 Posts: 48 ✭

Join Date: May 2018

Posts: 39

Hello has anyone applied for a moratorium / payment holiday with their mortgage and been declined? My mortgage has said they can’t facilitate this and I must use The mortgage arrears resolution process (MARP) if I wish to reduce my mortgage payments for the duration of maternity leave. (My leave is unpaid hence why I applied for a moratorium). If I use MARP does this go against future credit ratings and loan applications? Thanks in advance!

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