Has anyone here had difficulty getting teh interest only period of their invesment propertry extended ?
My 5 year int only period on an investment property is nearly up.
I want to get it extended.
The bank manager is away for a few weeks so I can#'t ask him. No-one else in teh branch is certain of teh answer.
of teh most senior people that are present in the bank branch, teh stronlgy suspect it would not be possible.
Does anyone have any idea of how likely/unlikely this would be ?
Has anyone here had difficulty getting teh interest only period of their invesment propertry extended ?
My 5 year int only period on an investment property is nearly up.
I want to get it extended.
The bank manager is away for a few weeks so I can#'t ask him. No-one else in teh branch is certain of teh answer.
of teh most senior people that are present in the bank branch, teh stronlgy suspect it would not be possible.
Does anyone have any idea of how likely/unlikely this would be ?
You sound worried about this? It should not be a problem.
If they create a song & dance just threaten to refinance your portfolio on an interest only basis elsewhere. ( I would make sure that you have an application approved elsewhere before burning any bridges though!)