Interest Only ?

Fergalmc

Registered User
Messages
18
Under what circumstances do the mortgage providers allow you to switch to an Interest Only loan ?
 
It would also vary from lender to lender. I think probably best to ask your lender what their policy is first.
 
I gave the reason that I was struggling to pay off other short term loans tempoarily and that if I had 12 months of interest only then that would sort me out. They told me that I should go to the other lenders and talk to them but that they wouldn't give me an interest only period just to pay off other loans...!!
 
Back
Top