Flexible Mortgage

Only available with specific Lenders and if you have or take up a current account with them.  Commonly known as "Offset" mortgages.

Pro's

  • Offsets your current account or savings balance against your mortgage amount, therefore paying less interest over the mortgage term.
  • Option for payment holidays.
  • Option to reduce loan faster by making overpayments.
Con's
  • Usually arranged on a variable rate basis. 
  • May find it difficult to budget.
  • Savings on comparison with other products can be very small.
  • Not for the 'financial disorganised'.
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