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Flexible Mortgages

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Flexible Mortgages

This type of mortgage has features that allow you to vary when and how you pay off your loan. Regular overpayments can be made allowing you to pay off your mortgage early. You can also take an occasional break from payments or you can make a lump sum payment.

Flexible Mortgages can also come with a regular underpayment facility, where you can reduce your payments for a period. You are not penalized for repaying your mortgage early, however some lenders will put a limit on how much you can repay each year. It should be noted that some of these features are available on standard mortgages not just on flexible mortgages.

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