Flexible Mortgages

Flexible Mortgages

There are various types of flexible mortgages available which all provide increased flexibility, when compared to the traditional types of mortgages.

Typically, a flexible mortgage may include some or all of the following features:

  • The ability to make overpayments (without charges), subject to the lenders agreed limits.
  • The ability to underpay your mortgage (subject to limits).
  • The option to take payment holidays
  • A facility to borrow more money (subject to limits), for lump sum expenditure, i.e. home improvements.
  • Current account with cheque book and agreed overdraft facility
  • Credit card with an agreed spending limit
  • Debit card (subject to limits)

A flexible mortgage can be set up on a fixed, capped, discounted, variable or Bank of England base rate tracker basis.

Note that flexible mortgage facilities may be withdrawn at short notice in some circumstances which may necessitate repayment of any credit facility.

Capital Fortune have provided a list of the ten lowest flexible mortgage rates on our mortgage database.

Why not speak to one of our Mortgage Advisers for advice on capped rate mortgages by calling 020 77 100 400 or Enquiry Online.

How to get in touch

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