Hello peoples!! Im a 29 yr old single male taking 3 months off from june - september, doing 6 weeks in se asia then 6 weeks in oz, my tickets are booked and paid for!! here's my dilema - i have a mortgage and im wondering (maybe someone is or has been in the same predicment). Is it possible to defer payments for 3 months or do i need to budget for this while im away? Any info will be greatly appreciated. Happy travelling - John.
Most lenders won't allow you to defer that many payments - some will let you take maybe 1 or 2 in a three year period as long as you'd already overpaid but I doubt they'd allow you any more.
Have you thought about renting your house out while you go away? That's what I'll be doing in the summer. Don't forget to tell your lender that you intend to do this though as they will probably need to consent to it first.
Cheers Chris - advice goes a long way. I think ill just budget for repayments so, i was thinking bout renting it out but seen as im only going for 3 months i dont fancy the hassle of finding a reliable short term let. Ill prob just get friends/family to look after it. Happy travelling!