He then went on to explain which type of borrowers may particularly benefit from taking up the options.
"There are some clients who use it as a seasonal activity really, and they have a holiday in January or February and then during the other months when things are busy they overpay," he said.
"Usually you see this in cases when people are self-employed."
Mr Pratt added that those who take time off to care for children in school holidays may also benefit from such a move.
It was recently reported in the Times that lenders are seeing an increase in the number of consumers choosing to take a mortgage holiday.
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