Mortgage Rate Types > Flexible mortgages > Flexible mortgage Information

Flexible mortgage Information

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What is a flexible rate mortgage?

Flexible deals give you more control and flexibility when repaying your mortgage. Depending on the company’s terms and conditions, you can usually choose how much you pay back per month (with an agreed minimum), take payment breaks or even borrow back overpayments.

More flexible mortgage information...

Before you decide which deal is right for you, it’s worth considering the following pieces of flexible mortgage information:

- You can make overpayments, or underpayments, making it a particularly popular arrangement with self-employed people or anyone with fluctuating income

- Usually, you can take payment holidays or borrow back overpayments

- Interest is calculated daily, but generally rates are higher that with repayment deals

- To get the most from this type of deal it’s best to make regular overpayments. That way you not only pay off your loan faster, but you will pay less interest overall

- Most lenders will offer fixed, tracker or discount rates

Find flexible mortgage information

Call us on 0845 603 1525 to talk with one of our team and find out more flexible mortgage information. We are happy to discuss your situation and help you choose the best option.



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