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Barclays issues payment holidays for BTL customers

Barclays will now allow buy-to-let mortgage customers to request a mortgage payment holiday.

BTL borrowers can now apply for a mortgage holiday through an online form on the lender’s website.

Furthermore, the bank said customers could access additional information on repayment holidays through its dedicated coronavirus hub.

To find out more about how we can assist you with your BTL Mortgage please click here

Last week, Barclays said it would not be offering BTL borrowers the option of a repayment holiday.

The mortgage holiday repayment initiative, which was first announced by Chancellor Rishi Sunak two weeks ago, has seen lenders across the country alter their policy criteria and implement three month repayment holidays for customers.

By Jake Carter

Source: Mortgage Introducer