Barclays refuses to offer buy-to-let borrowers a payment holiday

Barclays refuses to offer buy-to-let borrowers a payment holiday

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Landlords who have a buy-to-let mortgage with Barclays will not be offered a repayment holiday, despite government guidance to offer borrowers a payment deferral of up to three months as a consequence of the COVID-19 pandemic. 

The bank says that the support is primarily available to residential mortgage borrowers, with buy-to-let landlords not considered to be a priority. 

A spokesperson for Barclays said: “This is an unprecedented and ever-changing situation, we are constantly reviewing how we best support all of our customers and are working on an appropriate solution and will provide an update later this week.”

 

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