Hi all, I'm very sorry if this is a repeat question but I have trawled the net for a specific answer and can't find one so here goes...
I currently have a repayment mortgage with natwest and have recently decided to regain control of my money... so after reading about front loading of interest on mortgages, I figured (as I'm not going to be living in my current home for many more years and I have an extension to build) it would be better for me to be on an interest-only mortgage and put the remainder of my current monthly payments into a savings account.
Does anyone know if natwest will allow a change over from repayment to interest-only during a fixed rate deal (which expires in April '13 btw) or even if they will allow it at all with a LTV of 75%?
Thanks, Matt
I currently have a repayment mortgage with natwest and have recently decided to regain control of my money... so after reading about front loading of interest on mortgages, I figured (as I'm not going to be living in my current home for many more years and I have an extension to build) it would be better for me to be on an interest-only mortgage and put the remainder of my current monthly payments into a savings account.
Does anyone know if natwest will allow a change over from repayment to interest-only during a fixed rate deal (which expires in April '13 btw) or even if they will allow it at all with a LTV of 75%?
Thanks, Matt