Flexible mortgages

There are many varying degrees of flexibility. In order to be truly flexible, a mortgage must allow borrowers to do the following:

• Overpay
• Underpay
• Take Payment Holidays
• Borrow back overpayments
• Carry no redemption penalties
• Calculate interest daily

Some flexible mortgages may only meet a couple of these criteria, while others allow you to do much more. So make sure you do your research before you choose the flexible mortgage deal that suits you best.

back