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Frequently asked questions

Coronavirus support for mortgage customers

If you've been affected by coronavirus (due to illness or self-isolation) and are worried about what this might mean for you financially, there are things we can do to help.

Please get in touch with us as soon as possible so we can discuss your individual circumstances and find ways in which we can support you. The sooner you contact us, the more we can do.

It's also worth remembering you can bank from home or on-the-go with internet banking and our mobile app - move money, check your balance or even pay in a cheque with just a photo.

I'm worried about paying my mortgage

I'm worried about paying my mortgage. What options are available to me?

If you are experiencing financial difficulties due to the current coronavirus situation, you can request a mortgage payment holiday for three months. please complete this short form. We’ll take a look at your request over the next few days (we’re currently receiving a lot of requests so it may take slightly longer).

If you would like to receive a text message confirming when we have received and completed your request, please make sure you provide your mobile number on the form. We will then send a letter confirming when the mortgage payment holiday will start.

Our contact centres are extremely busy at the moment, so using this link to request a mortgage payment holiday is the fastest way for it to be put in place for you.

It’s important to remember that interest will continue to be charged during your payment holiday. We will write to you at the end of your payment holiday period but in advance of your next payment due date. This letter will confirm your new balance and revised payment - taking account of the interest that has been added during your payment holiday. If you would like to discuss alternative options, the letter will explain how you can get in touch.

We will ensure that the payment holiday does not negatively impact your credit file.

I want to understand more about a mortgage payment holiday

Can I extend my payment holiday beyond three months?

If you've already taken a three month payment holiday and would like to request a further extension - our separate online service will help you understand your options.

Depending on your circumstances, we may ask you to provide further details so we can support you, but we'll let you know before we ask for this information.

The Government has annouced that Lenders will offer mortgage payment holidays for those impacted by coronavirus. How can I arrange this for my mortgage?

If you are experiencing financial difficulties due to the current coronavirus situation, please complete this short form. We’ll take a look at your request over the next few days (we’re currently receiving a lot of requests so it may take slightly longer).

If you would like to receive a text message confirming when we have received and completed your request, please make sure you provide your mobile number on the form. We will then send a letter confirming when the mortgage payment holiday will start.

Our contact centres are extremely busy at the moment, so using this link to request a mortgage payment holiday is the fastest way for it to be put in place for you.

It’s important to remember that interest will continue to be charged during your payment holiday.

At the end of the payment holiday period, we will write to you at the end of your payment holiday period but in advance of your next payment due date. This letter will confirm your new balance and revised payment – taking into account any interest that has been added during your payment holiday. If you would like to discuss alternative options, or are continuing to experience financial difficulties, this letter will explain how you can get in touch.

A payment holiday extension for a further three months is one of a range of options available. Please follow the guidance provided and do not use this online form to request an extension to your payment holiday.

We will ensure that the payment holiday does not negatively impact your credit file.

What is a mortgage payment holiday?

A mortgage payment holiday is a period when your lender gives you permission to miss your regular mortgage payments.

It’s important to remember that interest will continue to be charged during a payment holiday. Therefore, when your payment holiday ends, your overall mortgage balance and monthly payments are likely to increase.

Who can apply for a mortgage payment holiday?

If you are experiencing financial difficulties due to the current coronavirus situation, the Government has announced that Lenders will offer mortgage payment holidays for up to three months.

If you are a landlord and your tenant is experiencing financial difficulties due to the current situation, you can apply for a payment holiday for up to three months to offer support to your tenant during this time.

When will my mortgage payment holiday start?

We will be in touch once we review your request to confirm when your mortgage payment holiday will start. For most people, this will be their next regular monthly payment, but if this is within 10 days of your request, your payment holiday may start the next month.

I'd like to arrange a mortgage payment holiday but my mortgage payment is due in the next 10 days. What should I do?

If your payment is due in the next 10 days and you pay by Direct Debit we will collect this payment and commence the payment holiday from your next payment due.

What do I need to do if I pay by Standing Order

If you pay by Standing Order, once we confirm the payment holiday has been processed you will need to cancel the Standing Order while your payment holiday is taking place.

We will write to you at the end of your payment holiday period but in advance of your next payment due date, to confirm your new balance and revised payment – taking account of the interest that has been added during your payment holiday.

You should remember to reinstate your Standing Order with your new payment amount once the payment holiday ends.

What will happen to the interest on my mortgage during a payment holiday?

It’s important to remember that interest will continue to be charged during your payment holiday. At the end of your payment holiday we’ll recalculate your monthly payments – taking account of the interest added.

By spreading the cost of your payment holiday over the remaining term of your mortgage, the amount you will pay over the life of your loan will be more than it would have been had you not taken the payment holiday. The total amount you will repay to us could be higher than the amount stated in your Offer of Loan.

I understand that interest will continue to be charged during my payment holiday, but I don’t want to spread the cost of this over the term of my mortgage. Are there any other options?

We will write to you at the end of your payment holiday period but in advance of your next payment due date. This letter will confirm your new balance and revised payment – taking account of the interest that has been added during your payment holiday. If you would like to discuss an alternative payment arrangement, the letter will explain how you can get in touch.

Will applying for a payment holiday affect my credit rating?

We will ensure that the payment holiday does not negatively impact your credit file

If I take a payment holiday, will my mortgage term increase?

No, your mortgage term does not change as a result of taking a payment holiday.

What happens when my payment holiday has finished?

We will write to you towards the end of your payment holiday, at least two weeks before your next payment will be due. This letter will confirm your new balance and revised payment - taking account of interest that has been added during your payment holiday.

If you would like to understand the options available to you when your coronavirus payment holidays comes to an end, our separate online service.

I have missed some mortgage payments recently. Can I still apply for a payment holiday?

Yes, if you are experiencing financial difficulties due to the current coronavirus situation you can request a mortgage payment holiday of three months. Please complete this short form, we’ll take a look at your request and come back to you over the next week to confirm when your mortgage payment holiday will start.

Our contact centres are extremely busy at the moment, so using this link to request a mortgage payment holiday is the fastest way for it to be put in place for you.

It’s important to remember that interest will continue to be charged during your payment holiday.

If you are have missed a mortgage payment before the start of the payment holiday, we will write to you at the end of your payment holiday period but in advance of your next payment due date to discuss next steps. If we are unable to contact you, the letter will explain how you can get in touch.

I am currently in arrears, what will happen to my mortgage payment after my payment holiday ends?

If you are in arrears before the start of the payment holiday, we will write to you at the end of your payment holiday period but in advance of your next payment due date to discuss next steps. If we are unable to contact you, the letter will explain how you can get in touch.

I’m worried that I won’t be able to pay my mortgage when my payment holiday ends, what should I do?

We understand that this is an uncertain time. We will write to you at the end of your payment holiday period but in advance of your next payment due date. This letter will confirm your new balance and revised payment – taking account of the interest that has been added during your payment holiday. If you would like to discuss alternative options, the letter will explain how you can get in touch.

I have recently applied for a mortgage with Clydesdale Bank

I have a mortgage application with Clydesdale and I'm worried that the property will not be valued due to the current coronavirus travel restrictions.

Following updated Government guidance, property valuers are now able to carry out physical valuations across the UK. Where possible, we will continue to use a combination of Automated Valuations - a computer estimate based on previous sales prices and property value indices, Desktop Valuations and Physical Valuations.

We’re continuing to monitor the situation closely and we’re working hard to support as many customers as possible during these difficult times.

I have a Mortgage Offer and it is due to expire, can this be extended?

If you have exchanged contracts on a property purchase you can request that your Mortgage Offer is extended by 3 months. We're happy to take requests for a Mortgage Offer extension once there is less than a month remaining on the valid period of your offer.

The request will need to be made through your Solicitor, who can use the usual routes to contact us with the request. As a responsible lender we will need to ensure that the mortgage is still affordable so will need to see up to date proof of income.

When we review your request to extend your Mortgage Offer, we will base our decision on the mortgage product confirmed in your original Offer. If you want to change mortgage products, you will need to make a new mortgage application.

I have a question about a Product Transfer or Additional Borrowing

I still want to apply for additional borrowing. Is this something I can do?

Yes, once you are no longer experiencing financial difficulties and your payment holiday has ended. We have a range of products available to suit customer needs.

To apply for additional borrowing, please call 0800 0224 313 and we can chat through your individual circumstances.

I’ve already applied for additional borrowing. What happens if I request a payment holiday too?

Yes, once you are no longer experiencing financial difficulties and your payment holiday has ended. We have a range of products available to suit customer needs.

To apply for additional borrowing, please call 0800 0224 313 and we can chat through your individual circumstances.

I have applied for a new product deal, but I have also been granted a payment holiday. Is this okay?

This is fine. Depending on the timing of your two requests, the Offer of Loan for your new product deal may not take into account any interest that will be added during your payment holiday.

We will write to you with details for both transactions and any changes to your account and payments.

I am an existing mortgage customer and have been placed on the government’s Job Retention Scheme (also known as being furloughed) – can I still apply for additional borrowing?

As a responsible lender we must ensure that all lending is affordable, therefore we have taken the difficult decision not to consider any income from employment which is currently ‘furloughed’ to assess the affordability for additional borrowing. Additional borrowing requests can be considered once you exit the Job Retention Scheme. Any application for additional borrowing will be subject to our lending policy and a satisfactory affordability assessment at the time.

I am an existing mortgage customer and have have applied for the Government’s income support scheme – can I still apply for Additional Borrowing?

As a responsible lender we must ensure that all lending is affordable, therefore we have taken the difficult decision not to consider any additional borrowing request from existing customers who have applied for the Governments income support scheme. Once your feel that you are no longer financially impacted by coronavirus, an additional borrowing request can be considered subject to our lending policy and a satisfactory affordability assessment at the time of application.

I am an existing customer planning to move home

I am thinking of moving home. Can you help me with my mortgage needs?

Yes, we’d be happy to discuss this further with you. Please call 0345 605 0500 and we can chat through your individual circumstances. Check here for our opening hours.

If you require additional borrowing and have also applied for a payment holiday, we may need to pause your request to move home. We’ll be in touch if we need to do this. Once your payment holiday has ended, you can apply for additional borrowing and your application will follow our usual process and criteria.

I have redeemed my mortgage with you. Will you still accept an application to take my existing product with me to a new property (known as porting)?

Due to the current situation and restrictions on valuations, we have extended the ‘Porting’ window from 6 to 12 months.

We are currently able to assess applications for the purchase of a new residential property up to 85% LTV and the purchase of a BTL property up to 80% LTV.

Please be assured that we are continually reviewing our application criteria.