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switching from interest only to repayment
susieanne
Posts: 448 Forumite
I currently have an interest -only morgage and i want to switch back to a repayment one ( the morgage was originally repayment but i went interest only when times were tough ) , will the morgage company simply just let me go back to repayment or will they have to do credit checks & a morgage application ?
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Comments
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It should just be a simple switch.0
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Yes. They will.will the morgage company simply just let me go back to repayment?I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0
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