Flexible Mortgages

The term Flexible Mortgages is used to describe a relatively modern type of mortgage product, that can be obtained from a number of different lenders (banks or building societies). A flexible mortgage is normally characterised by all or a combination of the following features:

  • Daily interest calculations.
  • The ability to make unlimited or specified overpayments without penalty.
  • The ability to underpay (pay less than full monthly payment) or take payment holidays (have a month off from paying your mortgage).
  • The ability to draw down money (within pre-specified limits) - giving you instant (or rapid) access to the equity available in your property.
  • The ability to offset savings or current account balance(s) against your mortgage, reducing the amount of capital that you pay interest on. This feature can be used to reduce your monthly payments or to shorten your mortgage term

 

ABOUT YOUR MORTGAGE
Mortgage Type:
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Value of current or new property:
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Current Mortgage:
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New Mortgage:
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Do you have any secured loans:
Do you have any unsecured loans or credit card debt:
Have you missed any mortgage, credit card or loan payments in the last 12 months:
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Is this a self cert mortgage
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ABOUT YOU
Name:
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Date of Birth:
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E-mail Address:
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Telephone Number:
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Postcode:
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