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Barclays BTL borrowers not offered payment holiday

Barclays buy-to-let borrowers have not been given the option of a repayment holiday.

The government has told all lenders to offer borrowers a payment holiday of up to three months in light of coronavirus.

However, the support is largely for residential mortgage borrowers, with buy-to-let landlords taking a back seat.

Chancellor Rishi Sunak first announced the mortgage holiday repayment initiative last week.

Furthermore, Barclays are yet to offer an online option for repayment holidays in any capacity.

A spokesperson for Barclays said: “This is an unprecedented and ever-changing situation, we are constantly reviewing how we best support all of our customers and are working on an appropriate solution and will provide an update later this week.”

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