Imeters unable to spend my home loan, can i switch to interest-just for six months?

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I’ve seen you to troubled borrowers may now switch to a destination-only mortgage getting 6 months without it affecting the credit score. I have been strike difficult from the cost-of-living crisis. I’m today into an effective 5% fixed mortgage can i result in the short term key? Could it be worthwhile?’

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So it depends. Government entities have requested banking companies and you can building communities so you can briefly relax laws and regulations to the money due to heavens-high rates of interest.