My wife and I want to take out a Mortgage break for a little while, to try and put some money back in the bank account after decimating our savings last year due to my redundancy. My wifes job is also fragile at the moment (NHS) so we are being very cautious.
We’ve been in our house for 4 years and have never missed a payment/been late etc. It’s in our agreement that we can apply to take a mortgage break depending on circumstances and whether you have been reliable with payments etc. We’d like to duck out of repayments for 3 months and I’ve booked an appointment with the bank next week to discuss doing this.
I was going to be completely honest and explain the reasons as above but I’m not sure whether that is a justifiable reason for them to allow a mortgage break.
Am I overthinking this? Is it purely a tick the box type thing or will they be very carefully considering my request and therefore should I be re-considering my explanation to them for wanting a break.