Flexible Mortgages / Remortgages
These mortgages allow you to overpay or underpay. There are no fees enforced for paying the mortgage off early. A flexible mortgage is most suitable for people who have varying levels of income and may have breaks during their working life. Disadvantages are having a higher interest rate if you continually make underpayments and also risk lengthening the mortgage repayment term.
A flexible mortgage gives the borrower great control over managing their finances. Borrowers are allowed to overpay or underpay depending on their present financial situation. A flexible mortgage also offers borrowers the chance to take a payment holiday.
Daily calculation of interest is important as any overpayments you make will reduce the interest portion of your payments. This will reduce the amount of interest payable over the mortgage term.
At Go Remortgage, our team of experienced FSA regulated mortgage advisors are here to help you get the best out of your mortgage. Regardless of whether you choose to get a deal from us or somewhere else, by contacting us you will be assured you will get professional advice from expert advisor at no obligation and completely free of charge.
