This is a mortgage request letter format in word to the bank. This template can be used to draft a letter to the bank requesting for mortgage relief and to suspend mortgage payment or pay only interests during the period of the Coronavirus (COVID-19) crisis.
The letter first states that the mortgagee has always been a responsible and diligent mortgagee regarding his/ her mortgage payment in respect of the property concern. It then explained the difficulty encountered by the mortgagee, which is the loss of income as caused by the recent global outbreak of Coronavirus.
It lists out the requests by the mortgagee in order to cope with the difficulties he/she encountered: suspend mortgage payment or pay only interests during the period of the Coronavirus crisis, waive penalties for suspended payments, ensuring mortgagee's attributes unaffected.
After stating the expected deadline of the mortgage suspension, the mortgagee thanks the bank for considering such request and emphasises his/her intention to be a long term customer of the bank.
Contact details of the mortgagee are also included for the convenience of further communications.
A mortgagee should address the bank/bank manager and use this letter to request the bank to:
- Allow a Moratorium on Payment
- Suspend mortgage payments
- Provide a deadline extension
- Allow suspension in payment
- Waive any penalties during the suspension in payment
- Pay interests only on the mortgage
This request for a moratorium on payment ultimately addresses mortgage payment difficulties during COVID-19 and asks for a waiver of penalties that would apply on a normal basis if Coronavirus was not a consideration.
Mortgagee should enter his/ her contact details at the end of the letter for communication purposes.
Create Document: Click “Create Document” button and the document will be prepared with your account details automatically filled in.
Please fill in any additional information by following the step-by-step guide on the left-hand side of the preview document and click the “Next” button.
When you are done, click the “Get Document” button and you can download the document in Word or PDF format.
Please review the document carefully and make any final modifications to ensure that the details are correct before sending to the addressee.
moratorium in payment,
suspension in payment,
mortgage relief' mortgage suspension,
letter to bank,
letter to bank format,
request letter to bank,
request to bank,
cancellation letter to bank,
loan closure letter,
loan closure letter format,
request letter to bank for loan,
mortgage request letter format,
loan closure letter format sample in word,
loan closure letter format sample,
letter to bank,
request letter to bank for release of document,
request letter to bank,
application for bank statement request letter format in word,
request letter for bank,
bank letters format,
requesting letter for bank statement,
bank statement request letter sample,
letter to bank manager for loan,
personal loan closure letter format,
letter to the bank,
payment request letter format,
credit card cancellation letter format,
home loan request letter to bank manager,
home loan closure letter format,
requesting for relieving letter,
sample letter to bank for stop payment of cheque,
bank statement request letter,
loan request letter to bank manager,
bank statement application letter,
sample letter for bank statement request,
relieving request letter,
cheque cancellation letter format,
banking letter format,
credit card closing letter format,
sample letter requesting documents from bank,
letter format to bank,
request for relieving letter mail,
bank statement request letter format doc,
loan closing letter,
bank account closing letter sample format,
loan application letter to bank manager,
letter to bank manager for loan repayment,
request letter for refund of advance payment,
bank account closing letter format,
loan application letter sample to bank,
account closing letter to bank,
how to write a letter to bank manager for loan,
account closure letter format,
bank account closure letter format,
account closing letter to bank manager,
account closure letter to bank,
bank application letter format,
demand draft cancellation letter format,
letter to bank manager to close account,
loan application letter,
bank letter sample,
requisition letter format pdf,
bank account closure letter sample,