Morning all, Mrs D and I are thinking of moving to a more expensive property. What we'd like to do is just pay interest only, as we will sell up and move to a smaller house in 5-10 years. We'd be putting in 60-70% equity and when we sell we will pay off the whole loan and use whatever is left to buy our final house. The reason for the post is, would lenders be ok with this plan or not. If not, how could we make it work? Cheers in advance.
Don't know why but I read "Mrs D" as paulD's wife. Juicey.
