A feature of some loans and mortgages where you can miss a certain number of payments a year without penalty
Found on
http://www.encyclo.co.uk/local/20202
A short break from regular mortgage repayments, sometimes offered with flexible mortgages. This can sometimes be a useful feature for self-employed people or others with irregular income.
Found on
http://www.encyclo.co.uk/local/20452
Borrowers may be permitted to take a break in their mortgage repayments for a specified period.
Found on
http://www.encyclo.co.uk/local/20464
A period during which the borrower makes no mortgage payments. Normally only available to borrowers with a flexible mortgage who have previously overpaid their monthly repayments.
Found on
http://www.encyclo.co.uk/visitor-contributions.php
No exact match found.
