cheap mortgage- flexible mortgage

Flexible mortgages are all the rage. And with good reason. First introduced from Australia around five years ago, this type of mortgage has now caught the popular imagination. Moving away from the prescriptive traditional UK mortgage model, a flexible deal adapts to fit your circumstances. So you can overpay, borrow back overpayments, underpay and take payment holidays. You can walk away from a flexible deal with no penalty, and your interest is calculated daily. So as soon as you make a payment you start paying interest on a smaller loan amount.

Most mortgage lenders now offer some degree of flexibility, though not all offer a fully flexible deal. Of those that do, however, some lenders have gone one step further and now provide current account mortgages.

Flexible mortgages make sense, and more and more borrowers in the UK are waking up to the fact. If you are considering a flexible deal, this section tells you everything you need to know.