Interest Only Mortgage

ash26

Registered User
Messages
71
Hi

I have been paying interest only on my house for the last 4 years and i was wondering how long does the bank allow this? The mortgage is with PTSB.

Thanks.
 
It depends on what is in your mortgage agreement.

It is usually for a maximum of 5 years, but Bank of Scotland out full-term interest-only mortgages

Brendan