Poto replied to the topic Good loan structure advice needed for PPOR then IP after 6/12 in the forum Finance 15 years, 9 months ago
Thanks for the response I am tossing up whether to go P + I whilst I live in the property, then going Interest only. Or possibly Interest only from the start. Interested in knowing opions of each direction
Poto replied to the topic Good loan structure advice needed for PPOR then IP after 6/12 in the forum Finance 15 years, 9 months ago
I too am considering the original posters Idea. I wanna take advantage of the grant for 6 months then make the property an IP. I will have to live in another town by then and probably rent initially before looking for a PPOR to buy.Regarding loans, I have spoken to the bank about going P + I initially then converting to Interest only. I thought…[Read more]