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Go interest only on mortgage

10-06-2019 2:29pm

#1

Floppybits

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I am selling my property, do banks allow you to go interest only on Mortgage till the property is sold?

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#2 10-06-2019 4:19pm

Claw Hammer

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Floppybits wrote: »

I am selling my property, do banks allow you to go interest only on Mortgage till the property is sold?

No.

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#3 10-06-2019 4:22pm

3DataModem

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BOI let you take two monthly payment breaks per year, if you are with them you could arrange to take it immediately.

UB also allow a break or two in life of mortgage, but you need to be with them a while. If you're with them it's worth looking into that.

Don't know about any others.

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#4 10-06-2019 4:49pm

[Deleted User]
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I took a break from repayments when I was selling my house, mortgage was with AIB

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#5 11-06-2019 9:09am

Floppybits

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Great thanks for the help. Will discuss it with the bank.

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