${Title}
Browse Template

Join Now

Letter to Bank on Relief / Suspension / Moratorium on Mortgage Payment

Coronavirus / COVID-19

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. 

 

How to use this Document? 

 

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. 

How to Tailor the Document for Your Need?

  1. Create Document: Click “Create Document” button and the document will be prepared with your account details automatically filled in.

  2. 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.

  3. When you are done, click the “Get Document” button and you can download the document in Word or PDF format.

  4. Please review the document carefully and make any final modifications to ensure that the details are correct before sending to the addressee.

 
mortgage payment
mortgage
mortgage repayment
penalty
waive
waiver
request
coronavirus
covid-19
deadline
deadline extension
postpone
postponement
moratorium in payment
suspension
suspension in payment
moratorium
bank
bank statement
bank account
interest only
mortgage relief' mortgage suspension
loan
loan extension
letter
request letter
bank letter
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
punishment waiver
mortgagee
suspend
creditworthiness
credit score
credit rating
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‚Ä®
how to write a letter to bank

Related Documents