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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Halifax Interest Only Mortgage
GirlRacer_2
Posts: 3,026 Forumite
Hi Guys anyone got one of these? Have just applied to the Halifax to change my mortgage from repayment to interest only. Do I have to prove details of my method of repaying it off? Any replies would be appreciated.
0
Comments
-
The stupid thing about that is that some are insisting on ISA. The investment backed repayment method.
This is just asking for a repeat of endowments as that had nothing to do with quality of product but whether the person had the risk profile to go with an investment backed mortgage.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
If its part of the criteria for a Halifax interest-only mortgage, then yes0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.6K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.1K Spending & Discounts
- 246.6K Work, Benefits & Business
- 603K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards