Repayment Holidays wont affect credit score

Discussion in 'Loans & Mortgage Brokers' started by Rolf Latham, 7th Apr, 2020.

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  1. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

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  2. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Plus Member

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    But in month 7 when a borrower tries to refinance how will the incoming bank view the deferral and reviewing the statements and repayment history for the past 6 months?

    I think it possibly will be ok as long as the borrower had permission at the time and assuming that they are no longer affected in their income earning ability.

    But I have seen nothing in writing to confirm this.
     
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