Flexible Benefits - Payment Holidays
There may be times in the future when your client wants to take a break from paying their mortgage. For example if they're taking a break from regular employment for a while or starting a family, they can apply to take a payment holiday of between 3 and 12 months.
Conditions
If your client wishes to take a payment holiday, they must:
- have held a Nationwide mortgage for more than 1 year
- have a mortgage that is less than 80% of the value of the home at the end of the payment holiday
Once your client's request has been granted, they'll receive a letter confirming the dates of their payment holiday.
