Landlords who have a buy-to-let mortgage with Barclays are now being offered a repayment holiday, in accordance with government guidance to offer borrowers a payment deferral of up to three months as a consequence of the COVID-19 pandemic.
Buy-to-let mortgage borrowers can apply for a mortgage holiday through the lender’s website.
Last week, Barclays said it would not be offering buy-to-let borrowers the option of a repayment holiday.
The protection for landlords is designed to ensure that they do not have to handle unmanageable debts after the government said that no renter in either social or private accommodation will be forced out of their home during this difficult time.
Want to comment on this story? If so...if any post is considered to victimise, harass, degrade or intimidate an individual or group of individuals on any basis, then the post may be deleted and the individual immediately banned from posting in future.