No, all of the original terms of your finance agreement will remain the same.
Both Payment Deferral and the options for making up your payments are concessions, offered to help you cope with the impact of coronavirus and in line with guidance from the Financial Conduct Authority. They all involve temporarily suspending or varying some of our rights under your existing finance agreement but only on a temporary basis. This is in order to accommodate your Payment Deferral, and so the actual terms of your finance agreement have not changed.
If you do not keep to the terms of the option you have chosen, it will terminate automatically and any remaining amount of Deferred Payment, together with interest due, will be immediately repayable.