I have an equity loan, what are my options?
The same government three-month payment holiday for mortgages also applies to Help to Buy equity loan interest payments. We’re also offering a three-month payment holiday to all of our equity loan products for those experiencing financial hardship.
If you would like to commence a three-month payment holiday on your interest payments, please contact your dedicated income officer who can discuss your options with you.
During this time, you’ll still receive the statutory notices advising you of sums in arrears as part our legal obligations to notify you. No further legal escalation will be taken during the three-month payment break.
The dedicated government webpage also has some helpful advice.