Mortgage holiday for landlord giving tenant a rent holiday
Rent Arrears

atherton landlord
atherton landlord
0 Thanks
5 Posts
2 years ago
0

The tenant of one of my properties has asked me for a rent holiday as he is finding life difficult during the pandemic. He is currently up to date with his rent but he admitted that it is a struggle. I want to know whether it will cost me more if I ask the lender of my mortgage for a repayment holiday. The mortgage is interest only as I intend to sell the property before the mortgage term expires. If I request a repayment holiday, will the unpaid interest be added to the Principal and cause additional interest to accrue?

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