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can you freeze mortgage whilst trying to sell your house?

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  • 31-05-2017 1:05am
    #1
    crxsi09
    Registered Users Posts: 251 ✭✭


    Was talking to a person lately ans he said he just put his house up fo sale and has froze his mortgage while its for sale through his solicitor.
    is this possible?


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    #2
    davo10
    Closed Accounts Posts: 6,926 ✭✭✭davo10


    crxsi09 wrote: »
    Was talking to a person lately ans he said he just put his house up fo sale and has froze his mortgage while its for sale through his solicitor.
    is this possible?

    You really need to ask your mortgage provider, only they can answer that question. It's possible your friend unilaterally froze payments.


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    #3
    allybhoy
    Registered Users Posts: 1,695 ✭✭✭allybhoy


    Not with EBS anyway, i recently sold a property, rang them and told them we had gone sale agreed and contracts were signed, asked them to freeze the mortgage for the last month and offered to email over copies of signed contracts etc. They wouldnt entertain it at all


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    #4
    air
    Registered Users Posts: 2,822 ✭✭✭air


    allybhoy wrote: »
    Not with EBS anyway, i recently sold a property, rang them and told them we had gone sale agreed and contracts were signed, asked them to freeze the mortgage for the last month and offered to email over copies of signed contracts etc. They wouldnt entertain it at all

    I can't see why anyone would expect them to freeze it to be honest.
    You take out a loan and you pay interest until it is paid back in full, very fair and simple.


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    #5
    denismc
    Registered Users Posts: 1,483 ✭✭✭denismc


    A lot of mortgage providers used to allow you to take a break from paying a mortgage for a couple months
    I am pretty sure this was in my last mortage although I never used it.
    Just don't tell them you are selling.


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    #6
    4ensic15
    Banned (with Prison Access) Posts: 4,691 ✭✭✭4ensic15


    A mortgage is a metaphysical object. How can it be frozen?


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    #7
    jamesthepeach
    Registered Users Posts: 992 ✭✭✭jamesthepeach


    AIB will do it. It's basically a payment holiday for up to three months after contracts are exchanged. The interest is added to the amount you owe up to the day it's cleared though, so it's not like it's free.


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