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shortfall at end of interest only mortgage

jimmy55 · 2018-01-31 17:03:48

Hi, I am 62yo and my interest only mortgage of 43K came to an end in July last year. Due to financial problems 10 years ago I no longer had the endowment policies in place which I had intended to pay off the mortgage. I had assumed that there would be no problem carrying on interest only until I retired at 66 and was able…

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jimmy55 Posts: 23 Forumite

5 February 2018 at 11:35PM

15 and 18yo apprentice.

Thanks all for your comments. In negotiation with lender to work it out on a repayment basis. Many thanks.

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