Your Key to a better Mortgage

Flexible mortgage

Fact:
You can make over or under payments, make lump sum payments or even take payment holidays. Flexible mortgages can often be linked to a current account or savings account. Any credit in these accounts is used to offset the mortgage debt when calculating the interest payable, and can result in the loan being paid off more quickly.

Benefit:
You can adjust your mortgage to match your monthly income. This is of particular benefit if you have a variable income. You can overpay in order to clear your mortgage more quickly and therefore reduce the total amount of interest payable.

Pitfall:
These mortgages are almost completely flexible but there will still be an overall repayment schedule that you will need to meet. Under payments will usually need to be balanced against over payments. You generally pay a higher rate for the benefit of the flexibility.

Our Advisers can help you decide whether a flexible mortgage is right for you.

Your home may be repossessed if you do not keep up repayments on your mortgage.

Our mortgage service is completely independent and there is no need to pay us a fee as we are paid commission by the lender. (If you prefer, you can choose to pay us a fee, usually 0.4% of the loan and we will pass on the lender's commission to you).

The FSA do not regulate some forms of mortgage.