Going from interest only to repayment

Posted on 25 October 2008

I have am interest only mortgage with db bank of £210k which is not due for remortgage until 2009, payments up todate, no missed pyt, in the current climate would I be abe to get part repayment/interest or is it best to continue with int only with new lender. I do hold shs within my company but the market has reduced my shs drastically.

 

Dawn

Thank you for your question and the goods news is absolutely yes you can!

I think you could probably benefit from somefurther help with this, so please do give us a call on 0845 4131053.

Best wishes

Bea

 

Answers provided in response to Ask Bea are based on the information provided and do not constitute advice under the Financial Services & Markets Act. They reflect the personal views of the authors and do not neccessarily represent the views, positions, strategies or opinions of Charcol Limited. All comments are made in good faith, and neither Charcol Limited nor Bea will accept liability for them.

We recommend you seek professional advice with regard to any of these topics where appropriate.

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