Landlords have been reassured by the Government that they can benefit from the new extended mortgage holiday scheme.

The Financial Conduct Authority (FCA) and the Ministry of Housing have updated their websites to clarify that buy-to-let borrowers are covered by its new guidance during the pandemic.

Hard-hit landlords have the option of asking their lender for a payment break of up to six months, with applications open to 31st January.

The extension also applies to those who have already taken a payment pause, who will be able to request a further deferment to bring them to the six-month limit.

The FCA says: “Borrowers, including those with a buy-to-let mortgage, who have been impacted by Coronavirus and have not yet had a mortgage payment holiday will be entitled to a six-month holiday, and those that have already started a mortgage payment holiday will be able to top up to six months without this being recorded on their credit file.”

Mark Harris, chief executive of mortgage broker SPF Private Clients, says it’s good to see such decisive action taken so quickly, as extending payment deferrals for a further six months will provide borrowers with some comfort.

However, he advises landlords: “Only ask for a payment deferral if you need one. Interest will still rack up and you will have more to pay off in the long run so the option should only be utilised by those who really need it.”


  1. Strongly recommend you not get a payment holiday – unless of course the situation is absolutely dire.

    Contrary to what they say about it not being on your credit file, nonetheless banks are increasingly interested on whether you have taken a payment holiday or not.

    There are banks, and there is the government. The banks are private entities who answer to no-one, and the government puts occasional measures in place. But the banks are not beholden to anyone, nor forced to lend to anyone, and the government cannot do a thing about it.


Please enter your comment!
Please enter your name here