If one has a capital repayment mortgage - but wants to release equity on an interest only basis - will banks allow one to do that?
House is worth 500k; repayment mortgage of 150k; want to release 100k but only pay it back on an interest only basis for a period of 3 years.
House is worth 500k; repayment mortgage of 150k; want to release 100k but only pay it back on an interest only basis for a period of 3 years.