Flexible Mortgages

There are many varying degrees of flexibility. In order to be truly flexible, a mortgage must allow borrowers to do the following:

• Overpay
• Underpay
• Take Payment Holidays
• Borrow back overpayments
• Carry no redemption penalties
• Calculate interest daily

Some flexible mortgages may only meet a couple of these criteria, while others allow you to do much more. So make sure you do your research before you choose the flexible mortgage deal that suits you best.