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How do the repayments work on a Between Homes Loan?
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Regarding the ‘between homes’ loan, i wondered if the borrower is
required to pay the total of the two homes repayments simultaneously or
are you only required to pay the repayments for the new home (with the
interest on the total of both properties being added to th lump sum
owed?
- Submitted by Nicole Tresize on the Quick Enquiry page
1 Answer
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Hi Nicole,
During the bridging period (when you’re between homes) interest is capitalised and no repayments are required.
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