Flexible Mortgages

A few years ago the standard mortgage contract was full of small print and penalty clauses should you wish to move your mortgage or repay it early. Today, the market has moved on and mortgages are now increasingly flexible and contain fewer restrictive terms. This new generation of mortgages are called - flexible mortgages.

Generally speaking the better your credit history the more flexible a mortgage deal you will be able to get. It is for this reason that the majority of people with a flexible mortgage tend to have a reasonably good credit history. As a general rule you should try to get as much flexibility in your mortgage deal as possible. You never know how your circumstances may chance and with a flexible mortgage you are giving yourself more options. Here is a list of top flexible mortgages.

Low Rates

In general, mortgage rates are calculated monthly (as apposed to annually). This in effect means that any overpayment that you make will immediately reduce your outstanding balance.

One Account Mortgages

One account mortgages (also known as Current Account Mortgages) are very much in fashion. This type of mortgage can be of real benefit if you have or are likely to have savings. Any savings you have are deducted from the outstanding balance and you only pay interest on the difference. For example, if you have a mortgage of 200,000 but a current account balance of 30,000 you will only pay interest on 170,000. Over the lifetime of the mortgage this can save you thousands of pounds, even when you take into account any interest you would get on your savings.

Good or bad credit history we can help you find the cheapest flexible or one account mortgage. Simply complete our '2 minute' application form.