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Reply To: Payment Holidays

Home Messageboards Benefits & Financial Support Payment Holidays Reply To: Payment Holidays

#150718
Annie ThorpeAnnie Thorpe
Keymaster

Hi Sam,

Our suggestion at MoneyMagpie is ALWAYS pay the bills you can afford to pay. The accrued interest might not amount to all that much in the grand scheme of things – but you’re still paying extra for something you didn’t need to fork out for. Even if it’s a couple of hundred quid extra – that’s a few hundred quid you could’ve stuck in a stocks and shares ISA and tripled instead.

If things change and you find your work dries up or your wife is unable to work, that’s the time to speak to your mortgage provider about a holiday.