We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Interest only on mortgage.
eleerin
Posts: 8 Forumite
At the moment I am paying repayment and interest on my mortgage. How do I go about changing this to interest only? I am struggling to pay off my debt and wonder how much I could save and if it would be possible to pay it this way.
Any advice would be most appeciated.
Thanks
Any advice would be most appeciated.
Thanks
0
Comments
-
it depends on the interest rate you are paying and your outstanding balance. Some mortgage companies have clamped down on borrowers easily switching over to interest only.
Your mortgage company would be able to give you the figures and their rules on switching.
"Stay Wonky":D
:j:jBecome Mrs Pepe 9 October 2012 :j:j0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards