Your payments will be higher than they were before your payment break and you’ll pay more interest overall during your remaining mortgage term.
Here’s an example of how this would work:
Jane has a repayment mortgage of £160,000 on an interest rate of 4.00% and has 24 years and 1 month left on her mortgage. Her monthly payment before she took a payment break was £863.32 each month.
After a 3 month payment break, Jane added the agreed missed payments and interest to her remaining mortgage term. Her new monthly mortgage payments are now £877.48 an increase of £14.16 each month.
Overall Jane will pay £1459.80 in additional interest over the remaining time left on her mortgage.