Mortgages

Flexible Mortgage

There are many varying degrees of flexibility but to be genuinely flexible, this mortgage should allow the Borrower to take payment holidays, make over or underpayments, borrow back any overpayments, calculate interest on a daily basis and carry no redemptions penalties.

There are many flexible mortgages on the market and some may offer one or more of the above criteria, whilst others offer them all.

NB: Due to the attractiveness of this type of mortgage, it is recommended that you conduct a thorough investigation in order to ensure that the flexible mortgage you choose is right for you.

It must be noted that YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.