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On top of this, Louisa Fletcher brought up another issue associated with mortgage holidays which could have long-term ramifications: “The government was at pains to say that if you took a mortgage payment deferral option, it wouldn’t leave a black mark on your credit rating.

“However, there are some people who have found now they’ve come out the other side of all of this, you know they’ve come off furlough they’re back at work, everything’s come back to normal, and they’ve decided they want to move house or perhaps they’re still staying where they are, but they want to remortgage.

“They’re finding that the fact they’ve taken a mortgage payment deferral previously is now creating a challenge for them when they’re applying for a new mortgage.”

Louisa asked Andrew for information on why this is happening and the mortgage expert broke down what’s going on behind the scenes with lenders.

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