will banks give a morgage hol when you are selling?

[petemurphy]

i know you can get a morgage hol normally fairly easily - if you are selling though are you likely to get one? ask as have house for sale with no tenants so 2 morgages. fine if its sold quickly but just thinking in case its not?

thanks

[limpsfield]

petemurphy said:

i know you can get a morgage hol normally fairly easily - if you are selling though are you likely to get one? ask as have house for sale with no tenants so 2 morgages. fine if its sold quickly but just thinking in case its not?

thanks

The only way you will know for sure is to ask them directly.

[Sarnie]

If your product allows payment holidays and you're eligible then they will give you a payment holiday, but not just because your selling and will have to pay two mortgages.

[Du1point8]

I have the option for one for 6 months...

Be aware that you will only generally get one mortgage holiday during a mortgage, so if you decided to take it now and house sells in a week... you have lost the chance to use it later.

[Sarnie]

Also, don't forget that payment holidays result in the lender adding the monthly interest to your balance, so the money you don't pay is just deferred rather than actually missed.

[petemurphy]

thks will see what they say