Interest only mortgage

[Crockett]

I could desperately do with some extra money for a few months. Does anyone know if your mortgage company will allow you to pay interest only for a few months if you explain a genuine situation. Also will this then affect your credit rating in future?

[bednobs]

you would have to ask them. My mortgage is with halifax, and they allow you to take up to 6 months "payment break"
It would depend on the lender and the product

[Oneeyedvic]

Crockett - you really need to have a conversation with your mortgage provider - each case is taken on its own merits / product. Whilst someone may have luck with Halifax, you may not depending on the specific mortgage product you have.

[curiousity]

i am with northern rock on an interest only morgage. i am allowed to have 'payment holidays' which is great to get you back on your feet for a while - i had two months off this year already. this had accumulated by me paying regularly in the past. bear in mind though it adds onto the final balance. If you dont ask, you dont get....
good luck.