BM Mortgages Payment Holiday Calculator
Our calculator will show how taking a payment holiday could impact your mortgage.
The figures we show you are based on some assumptions, such as you having only one interest rate on your mortgage. There are a number of reasons why you may have more than one interest rate (for example, additional borrowing), and in such cases you will need to calculate each part of your mortgage separately. Details of our assumptions are shown at the bottom of this page.
You can find out how many interest rates your mortgage has in your latest mortgage statement or your latest mortgage offer.
- You have one rate across your whole mortgage for the whole term
- All years are of equal length
- Interest is calculated monthly
- Estimate of total amount to pay is rounded to the nearest £10
Note: For Interest Only mortgages, if your balance at the end of the payment holiday is more than any amount on interest-only, the payment for this part of your loan will be on repayment. This is so you reduce your balance back to the interest-only amount by the end of your term.