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Taking a mortgage holiday

By the resi financial blog team, 03 October 2014

Taking a mortgage holiday

Life doesn’t always go according to plan so there may come a time where you’re unable to make your mortgage repayments. If this happens, ask your lender about taking a mortgage holiday.

Some typical situations where you might require a temporary suspension from making payments include maternity leave, an illness - where high medical bills need to be paid, or the loss of a job.

A mortgage holiday is simply that – a break from making your loan repayments – with of course, permission from your lender.  The concept of mortgage holidays h ...

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