Current account mortgages are a type of flexible mortgage and they have been around for well over 10 years in the UK. Current account mortgages work by combining your mortgage and current account into a single account. For example, if there is £3,000 in the current account and the mortgage is £100,000 the balance in the account will show £93,000 overdrawn. The balance is calculated daily and the homeowner only pays interest on the balance. Any saved income you have in your cu…
What Is A Flexible Mortgage?
A flexible mortgage is a secured loan, which can be paid back in differing amounts while providing access to the housing equity (within pre-agreed limits).
Offset Mortgages Can Save You Thousands
Offset mortgages offer an attractive alternative to traditional mortgages and can save you thousands over the long term.
Flexible Mortgages Are Made For Todays Modern Lifestyle
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Finding The Best Offset Mortgage Deal For You
Finding the best offset mortgage deal can be challenging. There is a huge amount of information on the internet and on the high street about offset mortgages, but instead of giving you clarity, it can leave you overwhelmed and confused as to which is the best offset mortgage deal on the market.
A Flexible Mortgage Is Ideal For The Self Employed
If you are concerned about paying a mortgage because you are self-employed, a flexible mortgage could be for you. Being self-employed has many rewards, such as being your own boss, but a downside is erratic pay: you can have a month or two without pay, and then the following month have lots of money.