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Applying for break in Mortgage

ndilly · 2017-12-08 11:01:57

I am currently trying to sell my apartment and will be putting it on the market in the coming weeks. I cannot afford to pay the mortgage while it is vacant as I have my own rent etc to pay. How hard is it to get a break in your mortgage for a couple of months. We are not in arrears so far.

08-12-2017 11:01am

#1

ndilly

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Join Date: January 2011

Posts: 25

I am currently trying to sell my apartment and will be putting it on the market in the coming weeks. I cannot afford to pay the mortgage while it is vacant as I have my own rent etc to pay. How hard is it to get a break in your mortgage for a couple of months. We are not in arrears so far.

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Comments

#2 08-12-2017 6:18pm

jimmycrackcorm

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It depends on the particular bank. Some have a ready option to allow for a small break, others make you go into the MARP process.

It's best to approach your bank about it. If you aren't in negative equity and want to sell then I think they will be very accommodating.

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