Hi ladies, I'm looking at how the hell we'll ever afford to have a second baby and given that our mortgage repayments are our biggest expense, if we can reduce that temporarily, it will give us some breathing space. Once I'm back at work we'll be fine, but my income is about 40% of our household income so we definitely rely on it so need to make some changes while I'm off work.

I would probably take 7 months off work again and would be looking to take a mortgage holiday for about 3 months.

Has anyone taken a mortgage holiday, how long was it, was it difficult to get it approved, any negative financial effects (I understand that your repayments may go up slightly afterwards so your mortgage end date remains the same), and anything else you'd like to share. Thank you :-)