These mortgages can offer borrowers greater control of their finances by calculating interest daily and allowing the option of overpayments. Paying just a few pounds extra each month you can pay back the capital of your loan faster, considerably reducing the mortgage term and saving you thousands in interest payments. Once you have been paying the mortgage for a while, most flexible loans allow you to make underpayments.
Some lenders also offer a cheque book or reserve account facility allowing you to draw down on your overpayments or, if you have equity in the property, to borrow more.
While most flexible mortgages follow the lenderís Standard Variable Rate, a growing number of lenders are now offering special deals.
As independent mortgage advisers we have access to thousands of mortgage products from hundreds of mortgage lenders in the UK. We offer a nationwide service and can help you whatever your credit history.
It costs you nothing to see what products are available and what your options are. We will direct you to the best deals for your circumstances and requirements.
Simply contact us today for a no obligation mortgage quote.
Your home may be repossessed if you do not keep up repayments on your mortgage
A FEE MAY BE PAYABLE TO THE BROKER FOR MORTGAGE ADVICE IF YOU PROCEED WITH AN APPLICATION, OF UP TO 1% OF THE LOAN AMOUNT. THE BROKER WILL PROVIDE YOU WITH DETAILS BEFORE YOU ARE ASKED TO COMMIT.