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Buying House/Notice Period

  • 14-11-2016 12:28pm
    #1
    SauceMonster
    Registered Users, Registered Users 2 Posts: 19 ✭


    Is it possible to delay drawing-down a mortgage until you have served the notice period on your rented accommodation to avoid paying both mortgage and rent during the period? (Notice period can be 3-4 months in some cases)

    Anybody have experience of this? Did you find a solution or did you just have to suck it up?


Comments

  • #2
    The_Chap
    Registered Users, Registered Users 2 Posts: 493 ✭✭The_Chap


    SauceMonster wrote: »
    Is it possible to delay drawing-down a mortgage until you have served the notice period on your rented accommodation to avoid paying both mortgage and rent during the period? (Notice period can be 3-4 months in some cases)

    Anybody have experience of this? Did you find a solution or did you just have to suck it up?

    Ask your bank for a "moratorium" period, we got three months while last minute issues were resolved on our transactions


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