Train

Mortgage Adviser Test

Mortgage Arrears and Possessions

How might a 'payment holiday' affect a borrower in the long run?

(A) It can result in paying more interest over the term.

(B) It will reduce the mortgage balance instantly.

(C) It can lead to a significant reduction in monthly repayments.

(D) It has no impact on the mortgage's total cost.

56 of 67