I have a property that currently is on an interest only mortgage, the term still has three years to run. I'm thinking about the end of the term when the mortgage company will certainly want all it's investment back.
How difficult is it likely to be to convert the interest only mortgage to a repayment mortgage (say) over 15 years.
I do realise I'll have to pay but I don't want to waste funds on false starts or surveys. Is now the right time to be thinking about this?
How difficult is it likely to be to convert the interest only mortgage to a repayment mortgage (say) over 15 years.
I do realise I'll have to pay but I don't want to waste funds on false starts or surveys. Is now the right time to be thinking about this?