Mortgage Payment Break Or Interest Only

[SHELBELLE]

Hi

I have posted on here before with various issues and due to all the good advice wanted to ask the following.

My Mortgage is with C&G.

I asked my Mortgage provider for a payment break last year and was refused because they did a credit check on me, I have never missed a mortage payment EVER!!! I thought that payment breaks were ,meant to help people who needed a bit of breathing space???

I was thinking about changing my repayment mortgage to interest only for a short period i.e. 1-2 years just to try and sort out the mess that I am in, but did not want to call them beacuse I know if they credit check me they will refuse and I didn't want them being alerted to my situation, which has changed drastically since taking this mortgage out!!!

The question I wanted to know is how could I get round the payment break situation and would they treat any change of product (i.e. interest only) as new lending and would they definately check me out??



Any help or advice would be greatly appreciated.:co nfused:


Cheers

S.B.

[SHELBELLE]

Hi

I bit the bullet and called C&G!!!

Good news I can transfer to interest only for a £77.00 charge and transfer back to repayment whenever I like, obviously I will be put back to what ever the standard variable rate is at the time, but at least I can have a little bit of time to breathe!!!!


S.B.