10 Nov 2009 8:08 PM:

Hello Andrea,

My own bank Banco de Valencia have offered me an interest only payment for 3 years. I am thinking of it.

They approached me, rather than me asking them. They want to be sure I can pay, they definitely do not want the house to be turned over to them as a repossession if I do indeed get into difficulties.

I am sure most banks will offer this including yours...If you have a perfect payment record then they should agree, if you dont then you should agree even quicker.

Good Luck

 

 

 

 

Thread: Switching to interest only mortgage

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