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
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.