What is a flexible mortgage?

A flexible mortgage is a type of mortgage that could allow you to make overpayments, underpayments and perhaps take payment holidays to suit your financial situation.

If you want a mortgage that works for you, and fits around your unique situation, a flexible mortgage may be a suitable option.

Many people take a flexible mortgage because they allow you to make additional payments to your mortgage and pay less in interest overall.

Which mortgage can I get with flexibility?

Lots of schemes are available that advertise themselves as flexible mortgages, however the features they offer do vary from lender to lender. Common features include –

• Overpayments
• Underpayments
• Payment Holidays
• A reserve account from which you can access overpayments you have made
• Ability to offset savings

Here at London and Country we know that each customer is unique and needs a variety of different benefits from their lender, which is why taking impartial advice is important whatever your circumstances

Let one of our expert advisers talk you through the various flexible mortgage options that are available.