Empty Property.. payment of mortgage while for sale . options

[jmur]

Hi everyone,
Tried to search for an answer on other posts but couldn't find one.
I have a property let out at moment and tenants moving out very shortly.
Intention is to sell property as soon as possible.

The house will be empty until sold I wonder if anyone in my position has come to an agreement with bank on taking a payment holiday / going interest only on payments while house is on market?

Thank you

 

[Ravima]

You need to talk to bank and if they agree, follow up with them in writing.

 

[ThirstyLizard]

Where is the property and what is market value?

Depending on where its located will depend on how quickly you can offload it. Even in Dublin in an affordable price range, you'll need minimum 3 months once it's listed before it's sold! Longer if it's in a slower part of the country.

You could try and find an investor to buy from you off market for a discount (deduct your agent fees, interest etc) who could potentially move much more quickly.