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i want to go intrest only for first 2 years of my mortgage then switch to repayment.
do you have to have savings aswell, if you want to go intrest only?
Nick
You don't necessairly have to have savings - I would be surpised if lender will really ask you for them.
Why do you want to go interest only - it is better if can afford to go repayment to start off with!
coz i dont no whether to keep the house or sell it after 2 years im not to sure
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