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Can I move from a repayment to an interest only?
LeShark
Posts: 66 Forumite
Hi all
Hopefully this is a simple question and answer. I'm on a 5yr fixed mortgage with HSBC. Things are a bit tight atm so I want to switch from repayment to interest only for a while to give me some breathing space. Does anyone know if I can do this?
Thanks in advance
Hopefully this is a simple question and answer. I'm on a 5yr fixed mortgage with HSBC. Things are a bit tight atm so I want to switch from repayment to interest only for a while to give me some breathing space. Does anyone know if I can do this?
Thanks in advance
0
Comments
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You'll most likely have to adjust your personal budget elsewhere rather than not repay the capital balance owing on your mortgage.
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