Poll: Have you seen clients rejected for a mortgage deal after taking a payment holiday?

At the same time, the number of businesses supported under Covid-19 lending schemes has topped one million.

Payment holidays do not negatively affect a borrower’s credit reports or history.

However, the Financial Conduct Authority has told consumers “credit files aren’t the only source of information which lenders can use to assess creditworthiness”.

This week, Mortgage Solutions wants to know if mortgage brokers have noticed an impact of these measures on clients’ ability to borrow. Cast your vote in the poll below.

Have you seen clients rejected for a mortgage after taking a payment holiday or using coronavirus support schemes?

Yes, I couldn’t place a case as a result of a payment holiday or support scheme

Yes, but I have managed to place the case elsewhere

No, but I have needed to provide extra information for these clients

No, mortgage payments holidays or support schemes have not affected my clients

• Yes, I couldn’t place a case as a result of a payment holiday or support scheme
  36.7%
• Yes, but I have managed to place the case elsewhere
  20.8%
• No, but I have needed to provide extra information for these clients
  19%
• No, mortgage payments holidays or support schemes have not affected my clients
  23.5%

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