Hiya
Just wondering if you get a 6 month mortgage holiday or pay interest only for a period, can the mortgage company change the interest rate you are paying. We are on a tracker mortgage (TG). Have only (ONLY!) 9 years left as took out over 20 years. Needless to say monthly repayments very high. I do not want to lose the tracker but could do with a little breathing space at the minute to get rid of a few other loans.
Tks
Just wondering if you get a 6 month mortgage holiday or pay interest only for a period, can the mortgage company change the interest rate you are paying. We are on a tracker mortgage (TG). Have only (ONLY!) 9 years left as took out over 20 years. Needless to say monthly repayments very high. I do not want to lose the tracker but could do with a little breathing space at the minute to get rid of a few other loans.
Tks