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BOI Mortgage Break/Holiday

Donie75 · 2010-12-31 10:40:52

Hi, I was wondering if anyone has applied for a mortgage break from BOI recently. I was thinking of applying for one so that I could clear CC debt and car loan. 3 to 6 months would be ideal. Are they hard to get and does it take long? I have 2 mortgages and an equity release, can I apply for more than one at a time. The 2…

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31-12-2010 11:40am

#1

Donie75

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Join Date: August 2005

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Hi, I was wondering if anyone has applied for a mortgage break from BOI recently. I was thinking of applying for one so that I could clear CC debt and car loan. 3 to 6 months would be ideal. Are they hard to get and does it take long? I have 2 mortgages and an equity release, can I apply for more than one at a time. The 2 mortgages are trackers.

Any advice appreciated. Thanks

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#2 01-01-2011 1:56pm
Toots

Administrators, Business & Finance Moderators, Society & Culture Moderators Posts: 16,920 Admin ✭✭✭✭✭

Join Date: October 2007

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In my experience they're difficult to get. I applied for a 3 month break in May when my husband lost his job. The most I could get was interest only. TBH I doubt they'll give you a payment break so you can clear other debts. If it was a case that you were out of work or something they might come to some sort of arrangement.

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