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Mortgage break for Mature student
NickiMcJock
Posts: 88 Forumite
Hi Guys
Need your help - would anyone know if a mortgage company would give you a break for 4 years to go back and study f/t to be a teacher or allow you to go to interest only?
Thanks
x
Need your help - would anyone know if a mortgage company would give you a break for 4 years to go back and study f/t to be a teacher or allow you to go to interest only?
Thanks
x
0
Comments
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No. They wouldn't.0
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Is there anything they would do?0
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I think the best you would achieve is to extend your mortgage term up to the maximum.
Subject to circumstances, I think it will be hard work achieving interest only unless in severe financial hardship. Even then you would not get years...
Assuming you have a house already, why not obtain consent to let and rent it out whilst you rent somewhere smaller/cheaper/nearer to study venue?
Guessing selling up is not an option in the current climate?I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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.0
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