Mortgage Holiday

In certain exceptional circumstances you may receive a mortgage holiday from your provider.  If so, you can record this in the software.

For each of the months for which you are not required to make a payment, record a £0 capital and £0 interest payment in Finance Manager > Mortgages and Loans > open the mortgage > Payments tab.  Simply edit the payment that the system has entered.  When payments resume, record the appropriate capital and interest payment as per the updated schedule.

If the missed payments are added on to the end of the loan then simply increase the Term of the loan in Edit Mortgage.