To take a 6 month interest only mortgage break

[Nomad111]

Any one done this , what are the cons? I'm thinking to do this to save some cash for some work doing

Your mortgage payment will increase at the end of the 6 months due to the interest. If you have a long term still remaining then this might only be a small amount, however will be much more noticeable if you only have a term of less than 10 year left.

Also there may be rules on how many times you can do this, so if you do find yourself in financial difficulty, you won’t be able to use this option as you’ve already used it. That’s why It’s not really recommended and most banks wont let you unless you are struggling - home improvements wouldn’t be a sufficient reason where I work.