M
MattNavanMan
Guest
OK, so I need some help. I took out a mortgage with EBS two years ago for an apartment which I live in. I have no problem meeting the mortgage payments at present.
I want to switch this mortgage to Interest Only but cannot think of an angle to approach the building society with to get them to change it as I can easily afford the mortgage!
My rationale is that it is likely this mortgage is not going to run it's course in any event either due to job loss (on the cards in the medium term) or persistent negative equity (which might see me take an exit strategy from Ireland). In either case I would hand the keys back to the bank so there is no benefit to me in paying anything more than I have to. Besides the building society and I entered into a joint contract and as I see it today I am taking too much of the risk.
Any advice out there?
I want to switch this mortgage to Interest Only but cannot think of an angle to approach the building society with to get them to change it as I can easily afford the mortgage!
My rationale is that it is likely this mortgage is not going to run it's course in any event either due to job loss (on the cards in the medium term) or persistent negative equity (which might see me take an exit strategy from Ireland). In either case I would hand the keys back to the bank so there is no benefit to me in paying anything more than I have to. Besides the building society and I entered into a joint contract and as I see it today I am taking too much of the risk.
Any advice out there?