Payment Holiday

Posted on 29 August 2011 by Kim

My husband and I are talking about seperating. we have an 8year son together. my husband wont leave the house and I am considering moving out and renting. however I currently pay the mortgage and would not be able to continue if I move out. we have have approx 80k mortgage on approx 400k house. I am with the nationwide and was considering asking for a pymt holiday (this is an option with our mortgage deal) do you think "trail seperation" would be a reason to allow us to take a payment holiday?


I would very much doubt that Nationwide will agree to your request, but as they say "if you don't ask, you don't get".  It might be that they will agree to a lower monthly payment or that you have previously built up overpayments that you can now use to cover future payments.  Whatever you do, speaking to Nationwide about the mortgage has to towards the top of your list.

I would also recommend that you take independent financial and legal advice regarding your separation.


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