Flexible Mortgages
Flexible mortgages allow you to vary payments for periods of time. This is a regular mortgage with the bolt on of flexible features. The flexible features and how they work may differ between providers. Other main options that you may have with a flexible home loan are early repay options, the ability to use savings to help reduce the amount of interest charged on the mortgage or temporarily postpone repayments. Below you will find some more common features which may come with a flexible rate mortgage:
- Interest Calculated Daily
- Underpayments
- Overpayments
- Payment Holidays
- Flexible Mortgage Savings Account
- Switching
Flexible Rate Mortgages
When it comes to flexible repayment mortgages there are different types available to you:
- Flexible Repayment Mortgages
- Flexible Offset Mortgages
- Flexible Fixed-Rate Mortgages
- Flexible Tracker Mortgages
Each flexible mortgage type has its benefits so if you require further advice on these mortgages, our advisors can provide you with the guidance you require.
With regards to identifying the right flexible deal, each lender will provide their own version of this type of lending, with the majority of flexible features included, however, this will vary according to their own conditions.
If you would like to find out more information concerning flexible mortgages, get in touch with us here at Stuart Brown Mortgage Services to speak to one of our mortgage brokers.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up the repayments on your mortgage.
FAQs
What is a flexible mortgage?
A flexible mortgage is a mortgage that allows you to make payments that suit your financial situation. The flexible features of the mortgage may be different depending on the provider. A flexible mortgage may allow you to:
- Make underpayments
- Make overpayments
- Take payment holidays
Can I switch from a standard mortgage to a flexible mortgage?
It isn’t always necessarily as many mortgages offer the ability to overpay within certain limits anyway. Use of prior overpayments to underpay or take payment holidays on the birth of a child etc.
How can I compare flexible mortgage deals?
It depends what features you are looking for. The best thing to do is contact us so we can offer guidance and advise you on the options available to you.
Our Testimonials
Book An Appointment If you would like to arrange a telephone call or meeting, please fill in your details below and we will respond as soon as possible.