A flexible mortgage is designed to give you more control over your finances with varying degrees of flexibility - you should be able to overpay, borrow back overpayments, underpay and take payment holidays, plus as soon as you make a mortgage payment , the amount of interest you are charged each month is reduced.

Flexible mortgages are specially designed to accommodate the changes taking place in our working environment and lifestyles. Some flexible mortgages allow you to take payment 'holidays' where you can choose not to make monthly payments for up to six months. This is particularly useful for couples starting a family, or people taking time out to study.

With a fully flexible mortgage you can vary the payments to suit your circumstances. If you’ve got extra cash, use it to pay off more of your mortgage. Keep up the overpayments and you could pay off your mortgage years early.

Fancy a payment holiday? With a flexible mortgage you can use the overpayments you have built up to cut back or stop your payments for a while. This is particularly useful for couples starting a family, or people taking time out to study.
You could even borrow back any money you’ve already overpaid
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Some flexible mortgages allow you to “offset” the credit balances in your current account to reduce the overall interest charged on your mortgage which can also reduce the number of years it takes to repay your mortgage.

For further information, please contact us or use our “Quick Response” form