11:13 AM, 24th March 2020, About 4 years ago 5
I have started to receive emails from students advising that they have now left the property and went back home to their parents which is fair enough given the universities are shut till September.
However, they are unsure why they still have to pay, but I have explained that although we have been offered a mortgage holiday we are still liable!
I responded with the letter below and would be keen to hear your thoughts
Thanks for your email and hope you are also keeping safe. It’s a very testing time for us all.
Unfortunately we are still liable for the monthly mortgage payments therefore will still be legally responsible for the third term.
However there may be an option to pay this over an extended period of time. I believe the government will continue to pay student loans as normal in April but we fully appreciate for many students , their income may be supplemented with part time work which is now longer an option. If you could let me know your position that would be appreciated
I hope that sheds some light on the situation and look forward to hearing from you.
Regards for now