Hi,
We have our mortgage with ICS. We are considering moving to Oz for 2 years and renting our house out while we are gone. The rent would not cover our mortgage payments as they stand but if we could get interest only it would cover most of it. We are fully up to date on our payments.
We have about 70k in a long term saving a/c (that we can access if we had to) but my question is would the bank give us interest only when we have savings?
Any advice appreciated...
We have our mortgage with ICS. We are considering moving to Oz for 2 years and renting our house out while we are gone. The rent would not cover our mortgage payments as they stand but if we could get interest only it would cover most of it. We are fully up to date on our payments.
We have about 70k in a long term saving a/c (that we can access if we had to) but my question is would the bank give us interest only when we have savings?
Any advice appreciated...