Hey guys, i just have a quick question. I am just wondering if its possible for me to prepay my mortgage for 1 year. here what i would like to do.
Send the bank a cheque for the amount of 1 years mortgage and have a payment holiday for the duration of that 1 year with no payments being deducted from my account.
Im aware i can make a lump sum repayment and reduce either the term or the debt but i would prefer what i have outlined above.
Is it possible? Im with ulsterbank by the way
I will ring them monday to find out but just thought id s
start this thread to see if anyone knows if its possible.
Cheers
Send the bank a cheque for the amount of 1 years mortgage and have a payment holiday for the duration of that 1 year with no payments being deducted from my account.
Im aware i can make a lump sum repayment and reduce either the term or the debt but i would prefer what i have outlined above.
Is it possible? Im with ulsterbank by the way
I will ring them monday to find out but just thought id s
start this thread to see if anyone knows if its possible.
Cheers