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Halifax Interest Only Mortgage
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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.
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Comments
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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
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