If you (or a friend or family) are considering taking advantage of your mortgage lender’s Repayment Holiday scheme.
Please ensure you have completed the registration with your lender before stopping your monthly payments, i.e. Direct Debit (DD) etc.
Don’t worry, the payment holiday will not appear on your credit file as missed payments and so will NOT affect your credit score. However should you cancel the DD before it is approved this may well result in a ‘missed payment’ being recorded and could affect your credit score later on.