Bank Rules On Payment Breaks

Peter54

Registered User
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169
This morning I was reading on a similar forum that somebody had been told by their mortgage provider that it was against their rules to give a payment holiday or interest only payments. I've never heard of this before. Surely that can't be right??
 
Well a bank can set its own rules. They can do what they like within the law.

Was it a sub prime lender?
 
BOI offers a three month holiday payment

they add a little onto your opaymen so your mortgage still finishes in alloted time

i think my payment went up like 18 euros or something
 
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