YBS Commercial launches online mortgage payment holiday form
YBS Commercial Mortgages customers who have been financially affected by Covid-19 and want to apply for a mortgage payment holiday can now do so online.
"We know that some of our customers are experiencing difficulties and require emergency assistance and so we have introduced the facility to request a payment holiday online"
YBS Commercial says it is currently experiencing a high volume of calls from customers and therefore needs to prioritise the most financially vulnerable.
Customers who are unable to make monthly mortgage payments are able to request a payment holiday up to a maximum of three months as long as they are currently up to date with their mortgage repayments and it will not impact their credit file.
The form is available at www.ybs.co.uk/commercial/paymentholiday.
Tom Simpson, managing director of commercial lending at Yorkshire Building Society, said: “We know that some of our customers are experiencing difficulties and require emergency assistance and so we have introduced the facility to request a payment holiday online to help customers."
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
This week's biggest stories:
FCA
Firms required to report complaints involving vulnerable customers under simplified FCA rules
Santander
Santander joins mortgage price war with new rates from 3.51%
FCA
FCA sets out timeline for mortgage rule changes
Nationwide
FCA fines Nationwide £44m for inadequate financial crime controls
Inflation
Bank of England set to cut rates as inflation falls to eight-month low
FCA
FCA announces new measures to support growth of mutuals sector